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 Thursday Game Plan, email me at chartsmarterblog@gmail.com. Below we look at a couple recent double bottom plays that we think have excellent potential.
In our Thursday 5/14 Game Plan we looked at AGIO. It is a pharma company up 10% YTD and 262% over the last one year period. The stock is now higher 11 of the last 15 sessions and a peek on its weekly chart shows a potential 4th consecutive weekly advance. The last 3 weeks have all CLOSED at the top of their weekly ranges and in that time frame up better than 20%. It is now higher by almost 10 handles from the highlighted entry and we think will gravitate toward all time highs near 139 made back in January.
Double bottom trigger AGIO 113.77. Stop 106.50.