Category: The Wagner Daily – Archives

Two new positions were added to the model portfolio on Wednesday.  Both 1/3 positions in $CPNG and $MEDP. 

With $MEDP, we entered close to the 8-day EMA looking for the price to follow through to the upside next week.  If there is a pullback to the 20-day EMA, we may look to add some size to bring the position up from 1/3 to 1/2.

$MEDP is potentially in play on strength over the two-day high (tight range there). Could also be in play on weakness if there is a touch of the rising 20-day EMA.

$ANET is one to watch for an entry off the 20-day EMA if the price fails to hold the breakout pivot.  

Per intraday alert, we bought $TMDX on a pullback near the 8-day EMA.

$ARRY recently gapped higher on big volume and appears to be forming the handle portion of a 40% deep cup with handle pattern.

Price found support at the rising 8-day EMA on Thursday and we have a buy stop to enter partial size over Thursday’s high. We will look to add to the position.

$BTU is consolidating in a tight range on the daily chart below after clearing a multi-touch downtrend line. This is not an official buy but we do like the setup with an entry over the 3-day high.

There is one new official setup for Wednesday’s session and it is a mult-touch downtrend line breakout in $ANET. 

Note the pick up in volume since $ANET recaptured the 50 and 200-day MAs.  

Our buy entry is over the two-day high.  Note the split stops.

Per intraday alert, stopped out of $LTHM at just above break-even.  The sharp reversal last Friday did not give us much of a chance to sell some shares into strength.  We will continue to monitor the action for a potential pullback entry off the 20 & 50-day MAs.  This is not an official setup.

$MEDP is one of the strongest charts within $IBB and is potentially in play on a pullback.

Per intraday alert, we bought $LTHM on a downtrend line breakout.