Longs – Page 275 – Slope of Hope with Tim Knight

Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Running on Earnings

By TheTechTrader - 7 years ago (14, Mar 2019 10:50:21 AM)

Here are four stocks to watch with strong price momentum fueled by earnings.

Denali Therapeutics Inc. (DNLI) jumped $2.17 to $24.37 on 1.19 million shares Wednesday, nearly 3 times its average volume. The move followed Tuesday’s earnings release by the biopharmaceutical company, which is developing treatments for neurodegenerative diseases. With the move, the stock took out multiple tops, and looks like it could extend further. Watch next for a test of the February high near $25.75.

Guardant Health, Inc. (GH) exploded for $24.45, or 27.6%, to $94.45 on 3.7 million shares Wednesday, 3 1/2 times its average volume. The move came as the cancer diagnostics company beat Wall Street expectations in its fourth quarter earnings report. The stock is extended and could pull back and consolidate, but eventually ride the rising channel up to above $120.

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Unstoppable Utilities

By Tim Knight - 7 years ago (13, Mar 2019 10:24:02 AM)

In the midst of a generally strong market, one sector which is especially – – and relentlessly – – strong is Utilities. Below is the Dow Jones 15 (better known as the Utility Index), and even over the course of the past decade, it has steadfastly marched within its ascending channel, and the most recent four years with an even more pronounced angle.

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Power Thrust

By Tim Knight - 7 years ago (13, Mar 2019 8:46:33 AM)

It’s been an absolutely explosive rally today, and as of this moment, we’re getting dangerously (or tantalizingly, depending on your perspective) close to a breakout, where that line is drawn.

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On the Contrary

By Tim Knight - 7 years ago (11, Mar 2019 11:54:15 AM)

Here’s a long idea which is a pretty odd one, even for me, but I’ll offer it up anyway: General Electric. First, take a very long-term view of this battered critter. Pay particular attention to the fact that it seems to have found some support on that lowest trendline, which it briefly broke.

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Momentum Stocks to Watch

By TheTechTrader - 7 years ago (06, Mar 2019 9:53:16 AM)

Momentum stocks in marijuana, blockchain and video streaming top our list of charts to watch today.

Canopy Growth Corporation (CGC) jumped $1.08 to $47.88 on 5.8 million shares Tuesday. The marijuana stock has been coiling very nicely, consolidating its big gains from January, and looks poised to break out again. A break through the early February high near $52 could move it next to the October highs above $56.

iQIYI, Inc. (IQ) gained 80 cents to $27.46 on 10.3 million shares Tuesday. The move popped the Chinese video streaming stock out of a wedge it’s been since it gapped up two weeks ago on strong Q4 results. A break through the recent high at $29.18 could move the stock to the September high near $31 next, followed by the August high near $32.

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