Momentum Monday 11-10-14

Here’s some setups that have just recently broken out or are in the midst of a breakout that you should have on watch this week.

BABA

$BABA nothing to say here. Just straight up beast mode. Can’t chase, but certainly enjoy the ride if your long already.

BEAV$BEAV short setup that broke down today from multi-week support. Looks good for lower in this long term downtrend. I’m short.

TUBE$TUBE we got involved in this long on Friday after tagging our $16 trigger entry. Nice continuation today and looks good for further run into their earnings release which I believe is after the bell on 9/13.

TWTR$TWTR continued to stay weak and finally got that break and close below the round $40 support. In trouble here.

WEN$WEN challenging long term resistance here at 8.50 and closing strong. Could be a nice winner this week.

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Evan Medeiros

Evan is the founder of the Trade Risk. With 20+ years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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