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 5 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 Tuesday Game Plan, email me at email@example.com.
Healthcare names have been in the mix throughout this powerful or aging bull, depending upon how you want to look at it. Either way investors want to obey the trend and stick to names that have been stubborn in giving back any well earned gains. Below are 3 names that we have profiled recently exactly how they were discussed in our daily reports.
In our Friday 6/12 Game Plan we looked at CELG. CELG reports earnings next Thursday and the stock now rests just 6% off all time highs. It received strong 200 day SMA support in May and June and today CLOSED above the round 120 handle which posed problems dating back to late March. CELG is now higher by almost 7 handles from the recommended entry and it is now building the right side of a cup base with a potential trigger of 129.16.