TriggerPoint Reports! |
TriggerPoint ALERTS!TPR ALERT! – Shutterfly (SFLY)
Shutterfly (SFLY) Breaking UP – BUY TRIGGER ALERT!
Details: Shutterfly is moving toward a fast zone above the $33.55 level. There is a potential for a quick squeeze toward $37, a 10% upside from here. Volume is picking up, but note that this is a thinly traded stock and the current short interest of 7.5 days makes it a good candidate for a massive move as shorts look to cover if the price begins to move quickly above the noted level. Wait until confirmed with a move above $33.55 to initiate a position or add to an existing one. Also, as a low point entry, $32.50 can be used for today. Profit and/or Stop Levels: Look to take profit above $38. (if there is a strong move, the price could move as high as $41.50)
Please see risk disclosures before acting on this ALERT! Link to this article: http://wp.me/p2bhUt-FE TPR ALERT! – Atwood Oceanics Inc (ATW)
As of September 30, 2011, the Company owned a fleet of 10 mobile offshore drilling units located in the United States Gulf of Mexico, South America, the Mediterranean Sea, West Africa, Southeast Asia and Australia. During the fiscal year ended September 30, 2011 (fiscal 2011), it had a utilization rate of 95%. Its offshore drilling equipments include semisubmersible rigs, jack-up drilling rigs, semisubmersible tender assist rigs and submersible drilling rigs. It obtains the contracts, under which it operates its units either through individual negotiation with the customer or by submitting proposals in competition with other contractors. In October 2010, it entered into turnkey construction agreements with PPL Shipyard PTE LTD to construct two Pacific Class 400 jack-up drilling units. Atwood Oceanics Inc (ATW) Bouncing off of Support- BUY/TRIGGER ALERT!
Trigger Details: The 50-day MA as well as out level of important support are closely aligned. With the overall market condition showing a strong-uptrend, often times these are levels that will be supported by institutions. Profit and/or Stop Levels: Please note that BOUNCE ALERTS! are have a lower overall confidence/conviction and should be seen as such. If planning on acting on the ALERT! use a partial position above the trigger ($46.70) and then add-on if the move is confirmed ($47.85). Please see risk disclosures before acting on this ALERT! TPR Pre-Earnings Report – Retail Bonanza: Earnings for May 16th, 2012
Limited Brands (LTD) Retail sales came out yesterday and while positive and in line with analysts expectations, they were only up by one tenth of one percent or 0.1% on a month over month basis. Most of the draw down was attributed to building materials, department stores, and clothing. With this in mind, traders will need to be cautious about going long into any of the earnings coming out tomorrow.
Please see important risk disclosures before acting on this information. Link to this article: http://wp.me/p2bhUt-FE
TPR Earnings Report – Research in Motion (RIMM)
It will be extremely important to watch for guidance in this earnings report and will need to be considered prior to any trade. For the current report anything better than $0.85 on EPS and $4.625 Billion on sales could send the stock moving up to $14.18. If there is a break at $14.18 look for next line of resistance at $14.75. On the downside, anything less than $0.76 on EPS and $4.365 Billion in sales the downward selling could continue. If this is the case look for support at the $13 handle and then again at $12.85, however after that, we are in uncharted territory. There are basically two ways to play this. If you believe that analysts have been too harsh and the company has been unjustly sold, then the look to get long the position on a break above $14.18 if they beat expectations. (see report for additional details)
Link to this article: http://wp.me/p2bhUt-FE TPR Pre-Earnings Reports – SFLY, ADM, CMI, ATW, V, APKT, WYNN, EL & More…
Shutterfly Inc (SFLY) (Check out the User Guide for additional information) Please see important risk disclosures before acting on this information. Link to this article: http://wp.me/p2bhUt-FE
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TPR ALERTS! – A Quick Introduction
The engine behind TriggerPoint ALERTS! is continually searching for opportunities to enter positions that display a higher probability of breaking out (up or down). Traditional methods such as moving averages, MACD, RSI and candle patterns have serious limitations, especially when trading in an age of computer driven strategies. Moreover, as most have already realized, overbought and oversold signals that are derived from many of these indicators often provide false signals which end up being nothing more than entries in the dark.
Behind the Scenes
For any security, our algorithms first calculates price action and accumulating volume-at-price over time. Then, specific ranges and levels of important turning points are “locked-in” from our proprietary swing and momentum algorithm. These ranges are clearly illustrated on our charts as three colored horizontal lines (red, teal and green). Each range is then dynamically plotted by Triggerpoint Research and continually compares the most recent to the previous, and so on.
Professional traders agree that with any technically driven trading strategy, the data is perhaps the most important consideration. If the data is flawed, the strategy will be flawed. This is why TriggerPoint Research only uses data from Bloomberg and other well-respected vendors. The fact is that “free” data from the web is fine for a simple chart review. However, with real money on the line, we are not willing to use anything other than the most trusted and reliable sources. The Alert! Trigger Once ranges are calculated, there are several conditions that will trigger an Alert! based on momentum, trend. Those in which there is a high conviction rating will be sent via email or SMS/text to subscribers with a summary and an action plan. (From time to time we provide a sampling of ALERTS! on Twitter – follow @triggertrading) Here is an example chart with the ranges and potential TriggerPoints. Click HERE for a follow-up on the actual for Green Mountain Coffee (GMCR) ALERT! which broke down for a potential gain of 20% within 2-days. READ MORE…
