TheGoose (Jason Pollack) (twitter: @thegoose0519) is a former market maker and pro trader at TrueTrader who has been trading for over 25 years. Tapping into his experience he brings us 10 fresh LONG trade ideas for the rest of this week.
$CLF – CLEVELAND-CLIFFS inc.
MY LEVEL: 22.75
WHY: Annual Pivot, Holding the 50d. Not a huge ATR but it’s got a nice risk-reward.
$KSS – KOHL’S CORPORATION
MY LEVEL: 51.90
Why: 200d, Prior Support. Looking for a reversal in a weak sector.
$CPRI – CAPRI HOLDINGS LIMITED
MY LEVEL: 54.50
WHY: Prior low and 126 MA
$EDIT – EDITAS MEDICINE, INC
MY LEVEL: 60.20
WHY: PRIOR support + annual pivot. Whole number.
$SONO – SONOS, INC.
MY LEVEL: 37.10
WHY: ANNUAL PIVOT, QUARTERLY, 126 SMA, PREVIOUS LOW
$BGFV – BIG FIVE SPORTING GOODS STORE
MY LEVEL: 26.20
WHY: Annual Pivot, Quarterly Pivot. Been tracking since Thursday/Friday of last week.
$FIVE – FIVE BELOW, INC.
MY LEVEL: 178.20
Why: Quarterly pivot, prior low.
$PVH – PVH CORP.
MY LEVEL: 107.05
WHY: Above the 50d and previous low.
$STX – SEAGATE TECHNOLOGY HOLDINGS PLC
MY LEVEL: $83.40
WHY: Previous low, monthly pivot, and annual pivot.