Watchlist Report

Here’s a new Watchlist with new additions to the list.  The goal of this list is to identify stocks breaking out into new Stage 2 advances, which is an ideal time to purchase a stock that is getting ready to make a major move.  The list will be pruned over time by removing stocks that have already made major runs, or removing stocks that breakdown into Stage 4 declines.  The list will include names in Stage 4 declines that are possibly getting close to ending as well.

I entered into a position in ANGI, which is still techincally in a Stage 4 decline, but it is close to breaking above its 30-week moving average.  ANGI had a breakaway gap on monster volume after earnings, and it’s likely that gap could end its Stage 4 decline, which is why I took a position.  ANGI also has a large short position against it which could provide fuel for a new advance.

Of the names currently on the Watchlist I also like CHGG.  It has a nice year long base and broke out recently on big volume into a Stage 2.

Stage Analysis: Watchlist Report

Stage Transitions: Watchlist Report