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 email@example.com.
In our Wednesday 1/28 Game Plan we looked at agriculture leader AGU. The stock took out a 104.03 cup base trigger on 1/22 and as stocks very commonly do will come back to retest a breakout pivot to assess its validity. One must be quick as it did on 1/29 and the stock is now HIGHER by more than 10 handles from the suggested entry.
Stocks that can be bought as they retest prior breakout triggers are AGU. AGU is a best in breed agriculture play along with CF and is higher by 12% YTD and by 19% over the last one year period and sports a dividend yield of 3%. The stock has been under steady accumulation since a big week ending 10/24/14 which rose more than 12%. AGU is higher 9 of the last 14 weeks with all 9 CLOSING at or near the top of their weekly trading ranges, a bullish sign. With continued strength we will look for this name to gravitate back toward all time highs 2 years ago in January of 2013 near 115. Notice how tight the weekly CLOSES were the weeks ending 1/25-2/8/13. A move above those highs could really propel this name higher in 2015. Lets look to enter here or within 1% of a retest of the 104.03 cup base trigger taken out on 1/22.