Monday, February 29, 2016
LPLA: LPL Financial Holdings
Another stock that's starting to move within range of triggering a big breakout trade is LPL Financial (LPLA - Get Report) , which provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the U.S. This stock has been slammed lower by the sellers over the last six months, with shares down big by 49.6%.
Traders should now look for long-biased trades in LPL Financial if it manages to break out above some near-term overhead resistance levels at $21 to $21.10 a share and then above more resistance at $21.63 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 1.34 million shares. If that breakout develops soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started near $26 a share.
Traders can look to buy LPL Financial off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $17.90 a share. One can also buy this stock off strength once it starts to move above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
8 Stocks Under $10 Making Big Moves Higher: DSKX, FATE, ONTY, NVET, SIRI, ECA, MRO, SDRL
As part of your daily routine as an active trader or investor, it's
important to track the stocks in the market that are making the biggest percentage gains and the biggest percentage losses.
Stocks that are making large moves to the upside are favorites among short-term traders who want to capture some of that massive volatility. Stocks that are making big-percentage moves are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade. (more)
Stocks that are making large moves to the upside are favorites among short-term traders who want to capture some of that massive volatility. Stocks that are making big-percentage moves are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade. (more)
US Weekly Economic Calendar
time (et) | report | period | ACTUAL | forecast | previous |
---|---|---|---|---|---|
MONDAY, FEB. 29 | |||||
10 am | Pending home sales index | Jan. | 0.5% | 0.1% | |
TUESDAY, MARCH 1 | |||||
9:45 am | Markit PMI | Feb. | -- | 52.4 | |
10 am | ISM | Feb. | 48.6% | 48.2% | |
10 am | Construction spending | Jan. | 0.1% | 0.1% | |
TBA | Motor vehicle sales | Feb. | 17.7 mln | 17.5 mln | |
WEDNESDAY, march 2 | |||||
8:15 am | ADP employment | Feb. | 205,000 | 205,000 | |
2 pm | Beige book | ||||
THURSDAY, march 3 | |||||
8:30 am | Weekly jobless claims | 2/27 | 270,000 | 272,000 | |
8:30 am | Productivity | 4Q | -3.0% | -3.0% | |
8:30 am | Unit labor costs | 4Q | 3.4% | 4.5% | |
10 am | ISM nonmanufacturing | Feb. | 53.4% | 53.5% | |
10 am | Factory orders | Jan. | 2.2% | -2.9% | |
FRIDAY, march 4 | |||||
8:30 am | Nonfarm payrolls | Feb. | 203,000 | 151,000 | |
8:30 am | Unemployment rate | Feb. | 4.9% | 4.9% | |
8:30 am | Average hourly earnings | Feb. | 0.2% | 0.5% | |
8:30 am | Trade deficit | Jan. | -$43.4 bln | -$43.4 bln |
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