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ADI and ALTR's RS look good but they have to regain the 50 day line. I do trade mostly on technicals....What method do you use?

I will keep them under radar to see how they perform. They could be building bases so I have to give them some time. One Stock I have been watching is AVGO. I feel there is some resistance at the 36 level. It has been holding really well. Todays winners, among others, EZPW, PLCM, NANO, SAPE...
I am keeping AVGO, CPHD, ILMN, SWI..etc...
Happy Trading!:D
 
Quote from bonchi07:

ADI and ALTR's RS look good but they have to regain the 50 day line. I do trade mostly on technicals....What method do you use?

I will keep them under radar to see how they perform. They could be building bases so I have to give them some time. One Stock I have been watching is AVGO. I feel there is some resistance at the 36 level. It has been holding really well. Todays winners, among others, EZPW, PLCM, NANO, SAPE...
I am keeping AVGO, CPHD, ILMN, SWI..etc...
Happy Trading!:D
More...

I have been trading ALTR and ADI for over a decade. Everything is tattooed in my mind (charts, earnings). They had the best results ever last Q and their outlook for the next Q is even better. They are the stocks that are not pumped so you know that they are not overvalued. I believe ADI will clain $43 soon. You can buy the shares and sell ADI July $37 or $38 PUT to reduce cost (both will need separate margins).
Note : Today's action also proves that they have just started to go higher and correction seems over.
 
General advice to everyone: Don't trade any stock based on soley on someone's recommendations. I am just here to share ideas. Don't trade what I suggest beuacse I said so. I know no one does that but it is worth mentioning.
 
ADI Call options for August 39 look very cheap. ADI is at 38.96 and August 39 Call option is 1.35/1.45. I believe it should be 1.8/1.85. No dividend is between.
 
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