Tag Archives: AOBC

2/6/17 update on AOBC- Hanging on by a thread

Today’s session closed at 20.00 for AOBC which is dangerously close to my stop area of 19.89. Still hanging on as per my original trade plan, and at this level I think the stock presents an excellent reward-to-risk ratio with about 20 cents downside and upside potential of a point or two. Did I think it would pull back to 20 after approaching 22, on 2x average volume as recently as last Tuesday 1/31/17, absolutely not. But definitely going to respect my stop and cut my losses if the chart breaks down and AOBC moves towards the low 19.80’s. Sure could be a good spot for the stock to find a bottom around here. Let’s see what the rest of this week brings.

Stock AOBC

1/30/17 update- bought more AOBC and NVDQ

Have been holding AOBC and NVDQ since last week. Shortly after the open today, purchased AOBC at 20.25 bringing my average to 20.62. From here, using the area of 19.89 (last week’s low) as my stop and targeting around 22 to take profits.

Also bought NVDQ this afternoon at 6.48 bringing my average to 6.85. Looking at 6.25, the low from 1/19/17, as my stop area. Still targeting around 8 to take profits.

3 new positions today- Long AOBC, NVDQ, ZUMZ

Shortly after today’s open I was filled on all three possible longs: AOBC at 20.92, NVDQ at 6.9, and ZUMZ at 20.4. All three were on yesterday’s watch list for displaying a bullish candlestick reversal signal, oversold stochastic and high relative volume.

AOBC- bought today at 20.92 on continuation through yesterday’s high of 20.80. Seems that there is some support around the 20 level which I am using as a stop. If it pulls back a bit towards 20, I’ll consider adding more around 20.2. Targeting 22 to take profits.

Stock AOBC

AOBC daily chart

NVDQ- bought today shortly after the open and was filled at 6.90 as the stock broke through yesterday’s high of 6.85. Especially like the high volume recently, specifically the volume spike on the gap down from two weeks ago which could be viewed as panic selling. And now large levels of buyers seen in the volume of yesterday and today’s sessions. Using last week’s low of 6.25 as my stop. Will consider adding to my position if the stocks pulls back towards that area. Targeting around 8 to take profits.

Stock NVDQ

NVDQ daily chart

ZUMZ- bought today at 20.40 as the stock broke above yesterday’s high of 20.30. Yesterday’s bullish engulfing candle looks like the stock could be reversing and indicates that it may have put in a near term low. Therefore, using yesterday’s low of 18.20 as my stop. Looking to add more ZUMZ if it pulls back to 19.30. Targeting 23 to take profits.

Stock ZUMZ

ZUMZ daily chart

Watch list for 1/25/17- AOBC, NVDQ, ZUMZ

AOBC- looks to be possibly forming a bottom, showing support at 20. Also like the good volume today along with the bullish candlestick. Interested in buying AOBC tomorrow if it can break above today’s high of 20.80.

Stock AOBC

Stock AOBC daily chart

NVDQ- looks to be possibly forming a bottom. Huge gap down and panic selling earlier this month. Interested in a potential long if it can break above today’s high of 6.85. Think it has a chance of getting back to 8 in the near future.

Stock NVDQ

Stock NVDQ daily chart

ZUMZ- especially like today’s bullish engulfing candle, a possible sign of a reversal. Interested in a potential long position if it could break over today’s high of 20.30.

Stock ZUMZ

Stock ZUMZ daily chart