Cup breakout today on high volumeNice breakout today with Bullish trending MACD histograms. This may retrace but long term bullish
VEE trade ideas
$VEEV Nice set-up.Interesting set-up for $VEEV.
Got in this one over a week ago.
Slightly under for now... but it's a longer term trade.
I am keeping my eyes on it to add some more.
There is a fair bit of support in the yellow rectangle area.
Red line on top is the recent resistance and the bold one below is the POC (point of control) for the last few months.
It's taking a post earning breather after surprising the Street with decent earnings.
I will be looking for the stock to get out of the triangle tip towards the X, especially if the price is being supported by the yellow area.
Anything can happen but that's where I will be looking to add.
VEEV - Watching for Short opportunity Very weak sector, & we are in top of a rising sedge system. Money flow is showing strong divergence, It has huge downward potential if it breaks down.
You can check our detailed analysis on VEEV in the trading room/ Executive summery link here-
www.screencast.com
Time Span: 20:30”
Trade Suggestion Date: Aug 26th
Trade Status: Pending/Watchlist
Breaking above resistance but more on the way...VEEV broke and closed above resistance at 28.05 today on heavy volume (see daily chart). We can anticipate additional resistance around the $29 level due to the long-term descending trend line resistance started back in December 2013 (see weekly chart). If VEEV can close above this descending trend line it may mark the beginning of a fresh uptrend for the stock. However, given the major rejection of this trend line back on the week of 3/6, it will be challenging for VEEV to muster the momentum needed to climb/close above it.
VEEV was one of the top 3 "Gainers on Volume" from ChartYourTrade.com's Universe List today. Our Universe List scans for the top growth stocks in the market based on a plethora of fundamental criteria. The top growth stocks which make gains on heavy volume are showing institutional activity and we therefore keep these on a special watch list to and wait for them to setup.
To view the rest of today's top "Gainers on Volume" click here: chartyourtrade.com
