Statasys, a well known 3d printing company, reported earnings this morning that beat expectations and its bringing attention once again to the 3d printing stocks. XONE is one of those stocks, and it is due to report earnings on Tuesday. According to an IBD article, “in the fourth quarter of 2012 ExOne reported revenue of $12.7 million, about $400,000 above consensus estimates and up 370% from $2.7 million reported in the year-ago quarter. Net income was $900,000, or 7 cents a share.
The company is scheduled to announce first-quarter results Tuesday after the close of regular trading. Few analysts currently follow the company. Thomson Reuters lists three. The consensus estimate for ExOne revenue in the first quarter is $9 million, up 70% from the first quarter a year ago. Estimates on earnings per share, minus items, are an 11-cent loss, better than the 28-cent loss a year ago. Purchases of 3D printers typically follow a seasonal pattern, generally higher in the third and fourth quarters.” (more…)
Bullish on drug maker Affymax (AFFY)
Company profile: Affymax, Inc., a biopharmaceutical company, engages in the development of drugs for the treatment of serious and life-threatening conditions in the United States. It offers OMONTYS (peginesatide) Injection for the treatment of anemia in chronic kidney disease in adult patients on dialysis. OMONTYS is a synthetic, peptide-based erythropoiesis stimulating agent designed to stimulate production of red blood cells. The company has strategic alliance agreement with Takeda Pharmaceutical Company Limited to develop and commercialize OMONTYS. Affymax, Inc. was founded in 2001 and is headquartered in Palo Alto, California. (more…)
Short WM on Increasing Volume Last 3 Days
Intial stop at 33.40, above high if recent swing. Will utilize trailing stop based on fibonacci retracement levels. No intial target price.
Long PEG on increasing volume
Utilizing fast stochastic (5,3) to confirm possible move and increasing volume. Initial stop is at 30.30 which is bottom of recent swing low. Will also utilize fib retracement levels as trailing stop if entry is triggered so there is no intial price target.
CHTR momentum trade, long
I am relatively new to trading, so please be patient. I have been trying to develop a swing trading system and I am fairly comfortable with my stock choices and entry strategy. Still tossing around some ideas for my exit. I am looking for modest gains (3 – 5%) vs. home runs. I would like to keep my average trade to about 3 days. I have a full time job, so I can only place orders in the evening for the next day. I enter a stock a little above the previous day high (long) or low (short). Currently, my profit target is based on quadrant lines/levels (similar to fib retracement levels) which give me between a 3 to 5% profit. I use a trailing stop, but still working on where to put it. My initial stop is 2%, which I never waiver on. Usually put in two positions, one long and one short. If the long fills but not the short, then the next day I will put in a short order. As the chart shows this is a momentum trade as I trade on increased volume. Along with my entry order, I put in my initial stop loss order (2%). If I have the stock the next day then I bracket my order with a stop loss and target (limit) order. My trading is all technical. I don’t use or really know very much about fundamental trading. I am also putting in a short (NDSN), but not as confident about that trade and I didn’t want to post more than one trade for my first time. Thanks in advance for your patience. These are not original strategies (as most of you probably know). I have read from many sources and watched a lot of youtube videos. I have tried to put them together in a way that makes me most comfortable.
Silver Wheaton – Finding support at the 50% retracement
Long Silver Wheaton is my trade this week. While Silver has been out of favor the last couple weeks, SLW has some great fundamentals behind it, it reports earnings this week on Friday, March 23, and RSI is at close to an oversold extreme at 37. A Double bottom “W” shaped formation occurred from Sept 2011 – Feb 2012. A breakout from the formation occurred on Feb 22. The breakout met a throwback on Feb 29th. Price returned back down to the breakout level on March 3rd, and have since continued downward. As of Friday, March 16, price has retraced 50% of the move from the bottom of the pattern to the peak of the ascent. Looking at the 10 day chart, it appears that a positive MACD, and SS momentum divergence is taking place as price consolidates at this important 50% retracement level. With the rate of the descent starting to slow, and prices firming up around this level, I think there is a good chance that SLW could break to the upside. While price was down on Friday 3/16, we saw some bullish call option activity hints to a move higher with 29k volume vs 13k open interest in the 34 strike calls. Put volume was minuscule at 165 in the $33 strike. (more…)
Using Fibonacci Analysis To Create Trading Strategies
Fibonacci analysis can help you identify support, resistance and price target levels for more profitable stock and forex trading.
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