Esperion Therapeutics Inc (NASDAQ:ESPR) stock is coiling up in a tight pattern for a move higher. I have highlighted a potential ascending triangle formation which if confirmed would project a target around $35. Also take note that on the daily time-frame the MACD has been moving up and the daily slow stochastics and RSI are both rising, indicating bullishness. Another good point of interest is the high amount of shorts in the stock. Could see a short squeeze possibly to >$33 once the gap is reentered. Watching over 29.5 for a trade. ESPR will move very quickly, so keep a very close eye on the stock.
Monday, November 30, 2015
Esperion Therapeutics Inc (NASDAQ:ESPR)
Esperion Therapeutics Inc (NASDAQ:ESPR) stock is coiling up in a tight pattern for a move higher. I have highlighted a potential ascending triangle formation which if confirmed would project a target around $35. Also take note that on the daily time-frame the MACD has been moving up and the daily slow stochastics and RSI are both rising, indicating bullishness. Another good point of interest is the high amount of shorts in the stock. Could see a short squeeze possibly to >$33 once the gap is reentered. Watching over 29.5 for a trade. ESPR will move very quickly, so keep a very close eye on the stock.
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) The stock has been one of the strongest stocks the past month as it has traded from $8.66 in Ocotber, up to $14.93 in mid-Nov. The stock has pulled back to the $12.5-13 range and seems to be setting up for another upside move. It was flat for most of the week until it broke out of a triangle formation on Friday. Immediate resistance is at 13.64 (yesterday’s high). A break above that area could trigger further upside recovery testing $14 area. Watch ZIOP on Monday.
World Wrestling Entertainment, Inc. (NYSE: WWE)
World Wrestling Entertainment, Inc., an integrated media and
entertainment company, engages in the sports entertainment business in
North America, Europe, the Middle East, Africa, the Asia Pacific, and
Latin America. The company operates through Network, Television, Home
Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise,
WWEShop, and WWE Studios segments. It operates WWE Network, a live
streaming network that offers pay-per-view events, original programming,
and video-on-demand library; and produces television programming,
reality shows, and other programming, as well as produces content via
home entertainment platforms, including DVD, Blu-Ray, subscription, and
transactional on-demand outlets.
Take a look at the 1-year chart of World Wrestling Entertainment, Inc. (NYSE: WWE) below with my added notations:
WWE has formed a support level at $16 (green) over the past three months. In addition, the stock is declining against a short-term, down trending resistance level (red). These two levels combined have WWE stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.
The Tale of the Tape: WWE is within a triangle formation. A short trade could be made on a break of support or on a test of resistance. A long trade could be made at support or on a break through the triangle resistance.
Take a look at the 1-year chart of World Wrestling Entertainment, Inc. (NYSE: WWE) below with my added notations:
WWE has formed a support level at $16 (green) over the past three months. In addition, the stock is declining against a short-term, down trending resistance level (red). These two levels combined have WWE stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.
The Tale of the Tape: WWE is within a triangle formation. A short trade could be made on a break of support or on a test of resistance. A long trade could be made at support or on a break through the triangle resistance.
US Weekly Economic Calendar
time (et) | report | period | ACTUAL | CONSENSUS forecast |
previous |
---|---|---|---|---|---|
MONDAY, NOV. 30 | |||||
9:45 am | Chicago PMI | Dec. | -- | 56.2 | |
10 am | Pending home sales | Oct. | -- | -2.3% | |
TUESDAY, DEC. 1 | |||||
9:45 am | Markit PMI | Nov. | -- | 52.6 | |
10 am | ISM | Nov. | 50.5% | 50.1% | |
10 am | Construction spending | Oct. | 0.6% | 0.6% | |
TBA | Motor vehicle sales | Nov. | 18.3 mln | 18.1 mln | |
WEDNESDAY, DEC. 2 | |||||
8:15 am | ADP employment | Nov. | -- | 182,000 | |
8:30 am | Productivity | Q3 | 2.2% | 1.6% | |
8:30 am | Unit labor costs | Q3 | 1.4% | 1.4% | |
2 pm | Beige book | ||||
THURSDAY, DEC. 3 | |||||
8:30 am | Weekly jobless claims | Nov. 28 | 270,000 | 260,000 | |
10 am | ISM nonmanufacturing | Nov. | 57.5% | 59.1% | |
10 am | Factory orders | Oct. | 1.6% | 1.4% | |
FRIDAY, DEC. 4 | |||||
8:30 am | Nonfarm payrolls | Nov. | 200,000 | 271,000 | |
8:30 am | Unemployment rate | Nov. | 5.0% | 5.0% | |
8:30 am | Average hourly earnings | Nov. | 0.2% | 0.4% | |
8:30 am | Trade deficit | Oct. | -$40.6 bln | -$40.8 bln | |
Saturday, November 28, 2015
An Analysis Of 100 Baggers
This is an
analysis of past 100-bagger stocks. A 100-bagger is a stock which increases in
value 100 fold (i.e., a stock which goes
from $1 to $100). The term "bagger" was popularized by Peter Lynch, the former fund manager of Fidelity
Magellan. He actually spoke most often of 10- baggers, however I figured
that looking at 100-baggers would be more fun. By looking back I hoped to
discover some common characteristics which would aid me in identifying
potential multi-baggers of the future. Of
course all my analysis is grounded in the fundamentals of companies.
However once I find those stocks with the fundamentals I like, it was my hope
that this exercise would help me to
understand better why some stocks appear to go nowhere despite solid
fundamentals while others make dizzying advances, how long those moves can
last, when to enter and when to exit, etc.
I will be including lots of charts so I should describe their format. I
make my own charts because I want to see certain things on them not normally
present on stock charts (such as earnings lines,
growth rates, and PEG ratios). Below is the chart of NTRI, a 100-bagger I will
go over in more detail later.
In
blue is the adjusted closing share price (adjusted for stock splits). The pink
through dark red step function lines are the trailing twelve month EPS times
various multiples (see the legend on the right). All EPS figures have also been
adjusted for any stock splits. These lines, like the closing price, are read on the left-hand scale. The green step function
lines are the year over year percentage change in quarterly EPS (green
dotted line) and ttm EPS (green dashed line). (more)
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