From the list above, Dick's really stands out. They reported earnings last week and gave a very nice breakout on high volume. Since the big move, the stock has pulled back to support on much lower volume. I can really see this holding some levels here and then making another big push. The lows from Thursday/Friday are perfectly positioned against the monthly and quarterly pivots. I would either look to scoop some stock risking those lows or if they can't hold there, then I may look to see if it gives an opportunity to scoop off the annual pivot around $94. The other thing that may happen is that it may just push right off the open Tuesday and if it can break above $100 I may look to join trend on dips if they start to hold.
I still think this Macy's chart is setting up for a big move. But due to the small ATR ($0.95), it appeals to me more as a swing idea than a day trade. That doesn't mean I won't try and sniff out my entry on an intraday timeframe. That is exactly the way I would look to get involved in the name. Any significant flushes into key levels can be looked at as scoop opportunities with the ability to swing it as long as it closes strong from your entry.
This is one of the leading stocks in the Finance-Consumer Loans group, the 6th ranked group. Chart looks primed. It's already starting to make a bit of a push through on some increasing volume. Would like to see it get over $58.12 to confirm and then I would be looking to get long to see if this setup can provide some nice follow-through to the upside. I really liked the way it's cruising on the 20d/50d combo and has that monthly pivot in the same area. Any flushes to that $55 level might provide a great entry. If it never gives us the pullback prior to breaking out over the highs, I still can look to get long on dips if it develops a strong trend.
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