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 7 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 firstname.lastname@example.org.
In last Thursdays Game Plan we looked at SIG. We have always liked this name as it is a best of breed play which has been affected by peer TIF’s 20% YTD drop. SIG has risen the last 3 sessions up 5.5% with a strong three white soldiers pattern as well. Keep an eye on a double bottom pattern that can be added to the current position or initiated above a 126.42 trigger. The stock is now UP almost 4 handles from the suggested trigger.
Stocks that can be bought after bullish engulfing candles are SIG. SIG is jewelry play that is lower by 9% YTD but higher by 21% over the last one year period. The name is very well managed as it has been guided to 4 consecutive earnings beats with moves of 7, 7.7, 3.5 and 6.8% on 11/25, 8/28, 5/29 and 3/27. SIG last took out a 117.12 double bottom trigger on 10/28 and notice how that pivot was tested the last 2 sessions and held smartly on a CLOSING basis. Additionally it found support at its 200 day SMA just like it did last October and also recorded a bullish engulfing candle. Clusters of evidence they call it. Lets look to enter here.