Category: The Wagner Daily – Archives

$ZS is an example of a stock that we may have to exit if the 10-day EMA doesn’t hold but could be back in play within a week or two if the price remains above the 20-day EMA.

The other setup is a breakout entry in $TIGR, which is an explosive Chinese brokerage stock with five quarters in a row of +100% sales growth. $TIGR just set a new all-time high in 2021 after clearing the prior high around $25 that was set a few months after it IPOd in 2019.

Note the impressive price and volume action as the stock cleared the downtrend line and reclaimed the 50-day MA. After a few weeks of rest, $TIGR may be ready to run again.

The buy stop is over the current range high with a stop beneath the 6/29 low.

Current long $SE is in pullback mode and after last Thursday’s breakout failed to hold. Let’s see if the price can hold the 10-day EMA.  

$FUV – buy at 15.60

$CDNA – buy in 94-96 range if not already long

$GDRX – buy at 39.26

Also watching – $COIN $STEM $OLO  (entries over prior day’s high) and $ZIM (slight pullback)

$PATH is an unofficial buy setup that could be in play if the price takes 6/17 high and 10-day EMA. Note the support at $68, with four reversal candles since the big gap down reversal on 6/10. A break of the 6/10 low would invalidate the setup in the short term.

The second setup is a breakout entry in $FRHC which has been trading in a tight range the past few days above the rising 10-day EMA. The IBD ratings are solid with a 94 Relative strength rating and a Composite rating of 99.  The Accumulation/Distribution is an A along with a solid 1.4 up/down volume ratio.

The quarterly earnings and sales growth are explosive.

$CDNA has been in base mode since January and recently 3cleared the downtrend line of the consolidation in May. The price is consolidating in a fairly tight range near the highs with the rising 20-day EMA just below. Our entry is over the base high with an add 2% higher.

Our focus remains on growth stocks with three official setups for Monday’s session.

First up is an add in $CRWD above the base high. The eps rating is below 80 but that isn’t a concern as we are looking at the last few quarters of monster eps and sales growth. Also has 2022 yearly eps estimate of 44%, along with an A- accumulation distribution rating (a/d rating). All ratings and eps/sales data discussed in this report is from marketsmith.

$RIOT – buy at 35.93

$SNAP – buy at 62.80

$EOSE – buy at 20.55

CROX broke out on volume Monday but has sold off the past two days (on lighter volume)before finding supoprt at the downtrend line and rising 10-day EMA.

 A move through Wednesday high is the entry.