Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 8 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. Below is precisely how they were written in our daily reports. For those who would like to see a full copy of our Monday Game Plan, email me at chartsmarterblog@gmail.com.
In our Monday 2/2 Game Plan we looked at a best of breed healthcare play CRL. Keep in mind the vast majority of a stocks move is the sector it emanates from. The group has been firm for almost a year now. CRL is up 20% YTD and trading at all time highs and is HIGHER by 11% from the suggested trigger. It took out another flag base trigger after earnings on 2/11 advancing almost 5%. Its overbought here but a move back toward 74 should be bought.
Stocks that can be bought as they retests prior flag breakout triggers are CRL. CRL is a name in the healthcare field which is higher by 9% YTD and by 22% over the last one year period. We profiled the name last month with a buy above a 66.21 flat base trigger in our 1/8 Game Plan and it took it out that session and has acted well since. The stock is now higher for a fourth straight week and CRL took out a flag trigger of 68.75 on 1/23 and has been trading around that pivot back and forth. The stock reports earnings on February 10th but its association with the strong medical group and its solid relative strength have this name in demand. Lets enter on the 68.75 retest.