{"id":18646,"date":"2021-06-23T06:48:00","date_gmt":"2021-06-23T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18646"},"modified":"2023-02-23T23:16:42","modified_gmt":"2023-02-24T04:16:42","slug":"swing-trading-stocks-062321","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-062321\/","title":{"rendered":"The Wagner Daily -Stock Breakout: Explosive $FRHC Setup"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210623FRHC.png\" alt=\"$FRHC daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  June 23, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; buy mode due to strength in Nasdaq Composite (still above 20ema)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210623watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210623open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp; &nbsp; &nbsp;$KRNT first buy stop triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-16.gif\" alt=\"\" class=\"wp-image-18648\" title=\"Anchor\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-17.gif\" alt=\"\" class=\"wp-image-18650\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Growth stocks continue to lead the market higher with $FFTY and $IWP outperforming the S&amp;P 500.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The model portfolio is in pretty good shape as we look for new positions to follow through to the upside during the next few weeks.<\/p>\n\n\n\n<p>The first buy entry in $KRNT triggered on Tuesday above the high of the prior day&#8217;s reversal candle&nbsp;and there is an open order for the add. The two buy stops in $CDNA have yet to trigger and are still open.<\/p>\n\n\n\n<p>There are two new setups for Wednesday&#8217;s session. The first is an add in $CRWD on a pullback to the breakout pivot.&nbsp; This is a buy limit order, so the price will have to pull back to the limit price in order to trigger an entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210623CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<p>The second setup is a breakout entry in $FRHC which has been trading in a tight range the past few days above the rising 10-day EMA. The IBD ratings are solid with a 94 Relative strength rating and a Composite rating of 99.&nbsp; The Accumulation\/Distribution is an A along with a solid 1.4 up\/down volume ratio.<\/p>\n\n\n\n<p>The quarterly earnings and sales growth are explosive.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210623FRHC.png\" alt=\"$FRHC daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SNAP &#8211; buy at 64.73 and 64.78<\/li>\n\n\n\n<li>$FUTU &#8211; buy over Tuesday&#8217;s high, or buy pullback if opens slightly lower with a stop below the 2-day low<\/li>\n\n\n\n<li>$LMND &#8211; buy over 104.60<\/li>\n\n\n\n<li>$POSH &#8211; buy over 46.70<\/li>\n<\/ul>\n\n\n\n<p>Also watching $WKHS $STEM $EOSE $GDRX over prior day&#8217;s high<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0 The Accumulation\/Distribution is an A along with a solid 1.4 up\/down volume ratio.<\/p>\n<p>The quarterly earnings and sales growth are explosive.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-18646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=18646"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18646\/revisions"}],"predecessor-version":[{"id":18654,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18646\/revisions\/18654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}