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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Look At This Stock - NQ 0 comments
    Jul 28, 2013 10:38 AM | about stocks: NQ

    By Jeff Pierce

    NQ has been coming up on my screener night after night and every day I decide against adding it to this category. However, today it reached a point where I can't ignore it any more. It has shown enough strength that it warrants a good look once this has had a pullback. At such time it should rocket to previous highs and beyond.

    It reports earnings on August 12th, so if we consolidate from here and have a swift pullback, that could be enough of a correction before this continues higher. China stocks have been extremely hot and so has mobile so this is a no brainer to keep on your watchlist.

    (click to enlarge)

    Using this strategy from Chart Reading For Professional Traders, one can watch the daily pullback and consider buying it around $10.50 -11.00.

    (click to enlarge)

    Related Posts:

    Look At This Stock - TSRX

    Look At This Stock - WEN

    Look At This Stock - $GST

    Stocks: NQ
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