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 Tuesday Game Plan, email me at chartsmarterblog@gmail.com.
In last Monday’s Game Plan we looked at pharmacy play DPLO. This week it showed excellent relative strength up better than 11%, albeit on light trade. The stock is now on an 8 session winning streak and UP almost 9% from its recommended trigger.
Stocks that can be bought as they take out bullish flag patterns are DPLO. DPLO is a recent pharmacy new issue higher by 118% since inception last October and 28% YTD. The stock is lower for 3 consecutive weeks but each has finished in the middle to upper half of the weekly range. DPLO gained ground for a very impressive 11 weeks in a row when it first came public between the weeks ending 10/10-12/19. Its only 3 earnings releases have all been down by 7.9, 1.8 and 5% on 5/12, 3/3 and 11/10. The stock did take out a 32.70 cup base trigger on 3/26 rising 14.1% on gigantic trade and that pivot was retested and held firm on Wednesday. It now sports a flag pattern and enter with a buy stop above pattern at 35.75.