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. For those who would like to see a full copy of our Friday Game Plan, email me at chartsmarterblog@gmail.com.
AXTA first appeared in our Thursday 4/23 Game Plan and this is exactly how it was presented in that report.
Stocks that can be bought at the round numbers are AXTA. AXTA is a homebuilder periphery play which came public last November and is higher by 49% since inception. It very impressively gained ground the its first 6 weeks of trading and has traded very tight, unusual for a new issue. The stock last earnings report was well received with a gain of 2.5% on 3/11 and it has acted well since taking out a 28.10 cup base trigger on 2/3 rising 4.7% in firm trade. The week ending 4/10 it rose 14.2% in enormous volume and last week gave back just 1.7% and given the overall markets weakness was telling. Lets look to enter this name just above the round 30 handle at 30.25.