Bought shares of ERF today at 10.41. Discovered the stock after yesterday’s high volume breakout above the 10.20-10.30 area. Over the past 13 months ERF has approached the area a number of times and pulled back. Yesterday it broke above the resistance area and did so on 2.7 million shares volume vs a 10 day average of 870k. So at this point I at long from 10.41, will consider adding some more shares on a pullback into the 9.60 range, targeting 14+ to take profits and using 8.2 as a stop loss.
Refresher: What to look for in 2018? Multi week/month breakouts like the ones below.
Successes from 2017:
TRP – high volume breakout
PLCE – high volume breakout
VOD – high volume breakout
What’s the next one?
SD – high volume breakout in progress
OTEX – high volume breakout in progress