StockFetcher Forums · General Discussion · ABMD - How would you trade this?<< >>Post Follow-up
four
5,087 posts
msg #148596
Ignore four
7/19/2019 8:02:51 PM



kossvet
147 posts
msg #148600
Ignore kossvet
7/19/2019 9:38:28 PM

If it were me I would short it.
Stop loss at 275.
If it breaks below 250, I would add to my short position.
Just my 2 cents

graftonian
1,089 posts
msg #148640
Ignore graftonian
7/22/2019 11:49:21 AM

Sit and wait, short if it breaks 250
This tip and $3 will get you a cup of coffee.

nibor100
1,031 posts
msg #148641
Ignore nibor100
7/22/2019 1:24:33 PM

Applying Graftonian's latest Weinstein filter modified, see below, it appears shorting at this time might be a little risky. Relative Strength line appears to be moving upward gradually, Stock may be entering Stage 1, and Schaff Trend Cycle is showing an upturn from the 50 level which historically for this stock has meant several days of price increases.

Ed S.

Fetcher[
/*WEINSTEIN WATCHLIST*/
chart-time is 2 years
symlist(abmd)
draw WMA(150)
draw average volume(150)
draw cwma(volume, 3)

set{RSD1, close / ind(spy, close)}
set{RSD, RSD1 * 100} /*this is DorseyRS*/
set{RSD252MA, cma(RSD, 252)}
set{RSM1, RSD / RSD252MA}
set{RSM2, RSM1 -1}
set{RSM, RSM2 * 100}
draw RSM
draw RSM line at 0
add column RSM{Mansfield}

set{vol_x, volume / average volume(50)}
add column vol_x

add column sector
add column separator
/*condition 1 - close above WMA(150) */
set{cond1, count(close > WMA(150), 1)}
add column cond1{1}
/*condition 2 - slope of WMA(150) > 0 */
set{cond2, count(2 day slope of WMA(150) > 0, 1)}
add column cond2{2}
/*condition 3 - Mansfield RS > 0 */
set{cond3, count(RSM > 0, 1)}
add column cond3{3}
/*condition 4 - SLope of Mansfield RS > 0 */
set{cond4, count(2 day slope of RSM > 0, 1)}
add column cond4{4}
/*condition 5 - volume multiple above avg volume */
set{cond5, count(Vol_X > 1.5, 1)}
add column cond5{5}
/* sum the above conditions */
set{sn1, cond1 + cond2}
set{sn2, sn1 + cond3}
set{sn3, sn2 + cond4}
set{sn4, sn3 + cond5}
set{sort_num, sn4 + Vol_X}
add column sort_num

sort on column 14 descending
/*schaff trend cycle */
set{var1, ema(23) - ema(50)}
set{highest, var1 10 day high}
set{lowest, var1 10 day low}
set{range, highest - lowest}
set{var2, var1 - lowest}
set{var3, var2 / range}
set{var4, cema(var3, 3)}
set{var6, var4 10 day high}
set{var5, var4 10 day low}
set{var7, var4 - var5}
set{var8, var6 - var5}
set{var9, var7 / var8}
set{var10, cema(var9, 3)}
set{stclong, 100 * var10}

add column STClong
draw stclong
]



Mactheriverrat
3,156 posts
msg #148642
Ignore Mactheriverrat
7/22/2019 1:56:19 PM

Weekly chart tells me that ABMD is in a state of flux. Its weekly price is in a trading range or what one would call a Darvis box. It could go either way . I would keep a eye on it but odds that she will go down before the goes up due to downward momentum.



kossvet
147 posts
msg #148724
Ignore kossvet
7/29/2019 8:42:55 PM

Nibor
You were correct. Hit my stop loss today. Glad it was just paper trading.

Mactheriverrat
3,156 posts
msg #148750
Ignore Mactheriverrat
8/1/2019 1:14:43 PM

And ABMD breaks below support line on weekly -

Look at Below which is great if your shorting ABMD


StockFetcher Forums · General Discussion · ABMD - How would you trade this?<< >>Post Follow-up

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