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 8 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.
The chemical group has been lagging, however it is beginning to show signs of improvement and the group is a good indicator of how the economy is faring. Lets take a look at a specific name in the group WLK. Below is how it was examined in our Monday 2/9 Game Plan.
Stocks that can be bought after bullish harami’s are WLK. WLK is a chemical play that is happy to put 2014 in the rear view mirror. The stock is up 7% YTD and by 8% over the last one year period and sports a dividend yield of 1%. It is lower 13 of the last 20 weeks but since the week ending 12/19 where it sprung 13.2% action has been decent. There have been no distribution weeks (down in heavy trade) and this week ramped up to the tune of 14%. WLK also rose above its 50 day SMA which it had been beneath since late last September. It recorded a bullish harami on Wednesday and lets look to enter on a slight pullback at 64. More aggressive investors can enter here.