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Current Trade Idea Updates
9/04/14: YY Inc. (YY) broke out above our consolidation level, triggering our entry price. Look for follow-through tomorrow.
9/03/14: We are adding YY to our long-ideas list. It has a favorable long-term chart pattern with good short-term consolidation. Look for a long entry at $91 for a move toward $108. Use $83.50 as your stop.
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9/4/14: Salix Pharmaceuticals (SLXP) broke its 8-day EMA and we are removing it from our long-ideas list for now. If it re-sets up, we will add it back.
9/1/14: I am adding Salix Pharmaceuticals to the long-ideas table. This stock has been on a tear since June and appears to be consolidating for another trade higher. Look to enter on a break of resistance which appears to be in the mid-$161 area.
9/4/14: Alexion Pharmaceuticals (ALXN) broke both its 8- and 21-day EMAs and we are removing it from our long-ideas list for now. If it re-sets up, we will add it back.
9/1/14: I am going to add Alexion Pharmaceuticals to the long-ideas table. This stock has had a relatively erratic trading year so far with many pops and drops but it appears as though this one could be gaining ground for another breakout. We will watch this closely in the days to come as the potential upside on a breakout is to the mid-$180s.