NEO hitting MINOLA on stockfetcher

NEO. NeoGenomics, Inc., together with its subsidiaries, operates a network of cancer-focused genetic testing laboratories in the United States. It operates through Clinical Services and Pharma Services segments. The company laboratories provide genetic and molecular testing services to hospitals, pathologists, oncologists, urologists, other clinicians and researchers, pharmaceutical firms, and other clinical laboratories. It offers cytogenetics testing services to study normal and abnormal chromosomes and their relationship to diseases; fluorescence in-situ hybridization testing services that focus on detecting and locating the presence or absence of specific DNA sequences and genes on chromosomes; flow cytometry testing services to measure the characteristics of cell populations; immunohistochemistry and digital imaging testing services to localize proteins in cells of a tissue section, as well as to allow clients to see and utilize scanned slides, and perform quantitative analysis for various stains; and molecular testing services that focus on the analysis of DNA and RNA, and the structure and function of genes at the molecular level. The company also provides pathology consultation services for clients in which its pathologists review surgical samples on a consultative basis; and testing services in support of its pharmaceutical clients' oncology programs, as well as acts as a reference laboratory supplying anatomic pathology testing services. The company has a strategic alliance with Pharmaceutical Product Development Inc. NeoGenomics, Inc. was founded in 2001 and is headquartered in Fort Myers, Florida.

NOTE: NEO like LXFR and NTWK came out of the MINOLA filter I have in stockfetcher.

TECHNICAL:
4 Days Breakout on previous high of $15.50 reaching a high of $19.00. Possible pullback at $17.00.

NEWS AND CATALYST:
The following are excerpts from yahoo finance.

October 30, 2018, NEO reported 17% growth in revenue ($69M).

Third Quarter 2018 Highlights:

•   17% increase in consolidated revenue  

•   14% increase in clinical genetic testing volume(1)

•   21% increase in Pharma Services revenue; 75% increase in Pharma Services backlog

•   Completed $135 million, net equity offering 

•   Announced acquisition of Genoptix in October for $125 million in cash and 1 million shares of NeoGenomics common stock

CHART (1 Year)

 CHART (2 Years)

FINVIZ
Finviz has a target of $20.71. Based on its EPS Q/Q of 342% it has a very strong fundamental. Sales Q/Q  is not that big which is 8.70%. But with the current news of having beaten estimates with its Q3 Earnings and Revenue, there is a big chance this stock can still soar high.

BIG CHARTS (NEO in 1 Decade vs NASDAQ). 

NEO had a huge divergence against NASDAQ. 

 BIG CHARTS (NEO in 1 Decade)

STOCKCHARTS.COM (NEO, LXFR, NTWK vs NASDAQ in 3 Years Chart)

As you can see in the comparison against NASDAQ, NEO had gained 187% compared to NASDAQ of 46.64%

STOCKCHARTS.COM (NEO vs NASDAQ in 3 months Chart)

This chart is meant to show the divergence created by NEO against the NASDAQ composite. While NASDAQ broke down on the last week of October 2018, NEO went breaking out of previous high and created new highs.

To see how to enter in this kind of stock, please go to https://excel4stocks.blogspot.com/2019/03/neo-hitting-minola-and-how-to-position.html

LXFR hitting MINOLA on stockfetcher

LXFR
Luxfer is a materials technology company, that designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

It has two operations. The Gas Cylinders and Elektron.

The Gas Cylinders manufactures and markets aluminum and composite cylinders and systems, which are used in self-contained breathing apparatus, fire extinguishers, alternative fuels, bulk gas transportation, specialty gases, medical, beverages, scuba, and aerospace applications under the Luxfer Gas Cylinders brand. This operation also designs and manufactures aluminum, titanium, and magnesium plates for use in aerospace, automotive, rail, and medical products under the Superform brand.

The Elektron focuses on specialty materials based on magnesium, zirconium, and rare earths. It develops and manufactures magnesium alloys; magnesium powders; and magnesium, copper, and zinc photoengraving plates. This operation also develops and manufactures specialty zirconium products, including zirconium-based materials, zirconium oxides, fiber-optic fuel cells, and other products. The company was founded in 1898 and is based in Manchester, the United Kingdom.

NOTE:
MINOLA is the acronym of Minervini, O'Neil and Larry Williams. This a filter I created that combines the 3 strategies of these 3 wizzards of Stock Market. The filter tries to capture the Minervini SEPA strategy, the O'Neil Pocket Pivot and the ADX(14) of larry Williams. I created this filter in stockfetcher.com

TECHNICAL:
Nov. 06, 2018 flagged as MINOLA on my stockfetcher with a significant volume of 535K breaking out the Aug. 23, 2018 volume of 374K and leveled the previous volume last April 26, 2017. Based on the previous breakout last may 10, 2018 it rose from $15 to $17 and pulled back somewhere at $16.00. With this new breakout the rise is around $23.00 to $28.00. Give or take the pull back could be somewhere around $25.00 or $24.00.

NEWS: Zack bet on this stock as one one with Good Net Margin

CHART (2 Years)

CHART (1 Year)

FINVIZ:

LXFR has a very high EPS Quarter per Quarter (EPS Q/Q) which is 296% and the Sales Quarter per Quater (Sales Q/Q) is also on the positive side which is 20.30%. The target that Finviz set is $15.00 which is very low. But it could also be possible since the stock had gone very far from the 200SMA (the green line on the above chart.)

In case this stock falls to $15.00, take a look at the following chart of NMIH. A similar configuration might happen.

BIG CHART (LXFR on 1 decade against NASDAQ):
Looking at the Decade chart of LXFR on Bigcharts.com the stock had actually broken out previous high and had created a divergence against the NASDAQ chart. This divergence could mean a year of new high just like in 2013.

BIG CHART (LXFR on 1 Decade)

BIG CHART (LXFR on 1 Year)

VERU analysis using VCP of Mark Minervini

Last March 20, 2018 I posted an article "The Power of Women", about how women are sharing the responsibility and power of birth control using condom. But instead of men using the condom, it's the women using it. At that time the price reached $2.16 with Finviz sharing their target at $5.00. Previous to that time around March 5, 2018, VERU had completed Royalty Financing  on their FC2 business (the condom business) to avoid dilution of funds. Its stock price closed at $1.43. Today the stock stands at around $2.25, slightly higher than the resistance of $2.2 which had been the triple top resistance line. Creating a VCP (Volatility Contraction Pattern) lines which connects the Lower Highs (LH) and the Higher Lows (HL) forming a triangular flag. As we can see there had been three flag patterns that appeared in increasing size making a triple Fan formation. A breakout on this 3rd fan with price reaching $2.4 and pulling back at $2.2 support line would be a start of a new strong upside potential.

Applying the VCP (Volatility Contraction Pattern) of Mark Minervini he illustrated in his book "Trade Like a Market Wizzard", we can see that the current reading is  22P-3T-122d (22% contraction from its previous high (June 13, 2018) to latest low (Jul 31, 2018). From Sep 27, 2017 up until the latest low (Jul 31, 2018) the latest low is the 3rd Touch of the VCP bottom line. And it had been 122 days since that high of $3.00.

We need to stay close attention of this contraction when it comes around 6% to 5%. For now, it is a waiting game for the sniper on this Stock.

So far the stock had New 55 days High (N55) with volume more than 200% (VP) than the usual volume twice but was hammered when reaching $2.25. If it breaks out and make New 78 days high, then this will be soaring upward.

3 Things we are looking for:

1. VCP percentage contraction of around 6% or 5%.
2. Breakout on the 3rd Fan VCP with a breakout of the  $2.25 resistance
3. High Volume of more than 200% and a New 78 day High. 

MITK 37% Up on Gross Revenue and 2.8M Net Loss on Income

July 31, 2018 A technical sneak peak of MITK by Jerome Noel

BREAKOUT ON 200SMA, Trend, NEWS on 37% Up on Revenue

For almost 3 months MITK had been trading upward above the 200SMA. It reached a high of $9.78 but had not broken the former high of $9.99. This is the 5th time it failed upon breaking the $9.5 resistance

May 2, 2018 it had an amazing run with a huge candle breaking out 200SMA and a volume more than 1M, almost 3x the usual daily volume. The only concern was that the lower time line SMA (20, 30 and 50) were all below the 200SMA(Black wave). So it was not a good buy at that time.

1 month later, all those lower time lines SMA are breaking out of 200SMA. As they were up above the 200SMA, so thus the Price too. The Price had been always above the 30SMA(Blue Wave) and the 50SMA(Light Blue Wave) up when it reported the 3rd quarter on July 26, 2018 with the news: "Mitek Reports Record Third Quarter Revenue, Up 37% Year Over Year. GAAP net loss of $(2.8) million, or $(0.08) per share."

HOW THE BIG INSTITUTIONS react to this kind of news?

May 2, 2018. a huge volume with a huge candle had already occured. That was a sign of a big move from big institutions. For almost 3 months small time investors followed that move until it reached $9.5 the resistance that had been tested for 3x. The Big institutions had made already their money from $8.00 to $9.50. Reaching that strong resistance was a signal for them to dispose what they already gained. Thus the next day (July 27, 2018) a huge drop and a huge red volume occurred. Yes, it can also be a reaction of the over-all market when FB had a huge drop getting SPY to also come down.

POSSIBLE SUPPORT AND ENTRY/RE-ENTRY

But this is how big institutions work. They use the News to make their move. They know that a lot of people would look at only the revenue and not the net loss. They capitalized on that. But they knew that whenever they gonna plummet the stock, the price to which they gonna support back is the same price where they had entered last may 2, 2018. So the big probability is that MITK will get support around $8.00, the low of the large candle last may 2, 2018.  And probably that might also be the turning point where it will break the $9.50 coveted restance line. Why? If you look at the 2year time line of the chart the lower lows are still respecting the straight line that connects them (CYAN Line). We just have to make sure that the price will be able to go back up the 200SMA(Black wave) and keep pushing up there. The price seemed to be oscillating between the orange and cyan triangular lines. This is a VCP (Volatility Contraction Pattern) formation going for 12months(Jul 2017 - July 2018) now. A breakout of this long VCP would be potent ride for strong upside move.

2 YEAR MITK CHART

1 YEAR MITK CHART

Intelsat New 78 Day High Pattern

Sep. 15, 2017
Oct. 3, 2017
Apr. 6, 2018
I. Intelsat S.A. Common Shares

 April 6, 2018. Intelsat made a New 78 Day High. The next day it broke out of the failed $5.00 previous breakout. This combination is a potent signal for an uptrend. 6 Days later around April 18, 2018, it made a New 55 Day High with a very huge volume breaking out of $8.00. From there it reached up to $20.60 around June 20, 2018 (2 months from the breakout). 4 Days later around June 27, 2018, it was followed with heavy selling. But this heavy selling is quite unusual. From the close of June 26, 2018 which was 17.36 it opened the next day with a huge gap. It opened at a price of 20.91. From there heavy selling occured all the way to 17.22, around 14 cents lower from the previous close. This looks like there is heavy pressure now of selling. The 20EMA is getting close on the 50EMA. This could be a signal of the end of the run.

WATCHLIST based on the New 55 Days High (EGY, RFIL, GLUU)

New 55 Day High with 200% + Volume

Date: May 14, 2018 (Mon)

GLUU made a breakout and a New 55 Day High last May 2, 2018 (Wed) and is stalling at 5.50. The entry of that quick drop at 5.07 was actually a perfect entry. I should have not pulled it out. But this action might retest the support line at $5.00 where the red candle with a long tail set on May 7th of 2018. We will wait for a possible VCP formation here unless a breakout occurs at 5.5 with a strong volume. It`s been 8 days now since the New 55 Day High.

EGY made the New 55 Day High last May 3, 2018. It`s been 7 days since its run from that breakout. It hit a high of 1.69 but could not hold on to that level and fell back to $1.50. It seemed it is consolidating around this price line. RFIL is an example of how this can possible take its move upward. Take a look at RFIL.

Below is the Chart of RFIL. The breakout at $2.80 last Jan 24, 2018 was the mark of the New 55 Day High. The price surged up to $3.50 but could not sustain it. It fell back to consolidate slightly above the $3.00 whole number line support. It took 33 days for the stock to regurgitate then made a gap-up move and reached another New high up to $5.50. If EGY finds its support at $1.50. You jut need to wait patiently for the price to make another breakout and probably a huge jump beyond $1.60. VCP formation might be taking place around $1.50 or 1.40. We have to wait. The initial low of $1.51 (3) three days after the New 55 Days breakout on May 3, 2018 if broken with a reasonable volume is a signal for possible entry. For now we have to wait on the move.

The principle I am trying to use here is the one of the Turtle trading System using the New 55 Days High of Dennis Richard as mentioned on the book of Michael W. Covel entitled "The Complete Turtle Trader". I am combining the system with the principle used by Mark Minervini in his book called "Trade like a stock market wizzard." His principle used the VCP (Volatility Contraction Pattern) formation of a rising stock which the stock uses as a springboard to another new high.

The following is the illustration of the VCP formation. After hitting the $3.00 support RFIL broke-out the $3.15 or the 3.20 drop, as seen on the big green candle on Feb 13, 2018 (encircled). A retest followed if the low of this candle can hold. Thus, we had a drop of red inverted hammer candle around March 1, 2018, followed with a rally and a break-out again at $3.20 (encircled at far right). Everything came with smaller volume with price slowly rising.

ANALYSIS OF RFIL

A.The price dropped to 3.15 but pushed back higher yet did not breakout the 3.50 new high that was created by the green candle. This price drop continued until it hits $3.00.

B.From the $3.00 whole number support it made a breakout at 3.15 with big green candle. This is the signal of the reversal. Like any breakout it will be retested. And so that is what happened with the drop at C.

C.If you made a buy stop order at 3.15 or at $3.05 the low of the green candle on B, you could have made a position already.

A.Having entered at $3.05 and have rode the price up to where the Gap Up is, then you could have cashed out at $5.50 or anything slightly lower than that in the early morning. Or if you want to make a measurement. The height of rise on A would be the possible next price target if you place that height from the low of the consolidation after the gap-up which is $4.30.

The possible next target of RFIL would then be $6.50

Trading EBIO - New 55 Day High with 200% Vol

Date: 2018/04/14

One of the filter I used to scan for play is my so called "New 55 Day High with 200% Volume Spike" using stockfetcher.com. Yesterday, around 10:00AM the scan had given me the following result. Although if I have to recreate the result at that time frame, it won't show up anymore exactly as it had presented me. Anyways, the result is the following:

Of the charts above, what caught my attention was the symmetrical triangle formation of EBIO forming a VCP (Volatility Contraction Pattern) breakout which Mark Minervini had been teaching. This is how it looks closely. It had broken out the $1.00 price range then it retested the $1.00 mark as the new support. From this support it popped higher with a huge volume of more than 13.2M shares.

The volume we talked about is so high compared to all the volumes it had since December of 2016. The only high volume before was December of 2017 which was closed to 10M shares. Something is going on with this company. Why there is this surge of volume? Yesterday EBIO announced that it will be sharing the result of the Preliminary Data from Phase 3 VISTA Trial in Bladder Cancer to Be Presented in a Plenary Session at American Urological Association Annual Meeting. Stephen Hurly, president and chief executive officer of Eleven Biotherapeutics said that, “Vicinium has demonstrated that it is a well-tolerated and active agent in patients with BCG unresponsive NMIBC in studies to-date. We are excited to be presenting the first preliminary data from our Phase 3 VISTA trial of Vicinium for patients with NMIBC at this year’s AUA meeting. During our plenary presentation, we will share initial efficacy findings and data supporting the favorable safety we have observed so far with Vicinium. We believe Vicinium holds tremendous potential as a treatment for bladder cancer, and we look forward to sharing these and additional data later in the year.” There is positive aura for an FDA approval of their vicinium product for bladder cancer patients.

How I defined my Entry, Stop Loss and Target?

• The Neckline of the hammer candles  near the 2 highest volumes before the 13M shares volume is $1.16. I set my stop loss at $1.15. If the trade does not materialize after I enter and falls below this limit then I am out.
• The top of the hammer candles near the 2 highest volumes before the 13M shares volume is $1.18. I set my Entry at $1.20 to $1.25. My entry of 1.24 got triggered.
• Basing previous High and Low the Height is $0.56. If we add this one to the New Low of 0.95, our estimated target is $1.51 or $1.5. Set a sell order at $1.45 or $1.47.

Setting up a Notification for more precise entry:

• On the 5minute chart I saw that the $1.20 base line was hit already in the morning I figured out that soon that same base line will be retested. So I placed a notification on my trading account software of Questrade to send me a text message, that if the price falls below or remains equal to this $1.20 then I have to look at the chart. It got triggered but I did not enter the trade because there was no sufficient volume against the sellers.  
• So I placed another notification to tell me that if it hits $1.22 and higher then I have to check the chart again. It was triggered and the green volume was higher than the previous red volume. So I entered the trade at $1.24
• The stock kept hitting the $1.27 price level and dwindled to $1.25 at closing.

How the stock unfolded after the entry.

Before the opening the stock fell back to $1.20 and even to $1.18 but held up there and rebounded to $1.32 which went back down to $1.18 around 10:00AM. From there it went as high as $1.38 and pulled back to $1.29 then closed above the previous day's high (Green line) of $1.38 to $1.42.

There is one stopping volume that the Market Maker is showing us. There is one sign of huge sell out (wide heavy red candle with a huge volume) around 3:10PM. Youcan also see this heavy red volume on the rise as I scribed it with the red dotted line.

Winning Patterns

New 55 Day High with 200% Plus Volume and
MINIVERNIOBV with ADX(14)>30

CETX - a look back at the previous pattern

June 2, 2016 CETX had punctured 200SMA after 178 days or 8.9months of VCP(Volatility Contraction Pattern). This was accompanied with heavy volume at 1.95M exchanging hands. The next day it was followed with another green candle sitting above 200SMA. Such candle confirmed the breakout at 200SMA with a volume of 912.48K half less than the 1.95M. The breakout is a breakout at $2.50. Such breakout was actually the start of the run upward which went as high as   $8.25 for the next 10.7months.

Today March 23, 2018 Friday, CETX seemed to have exhibited the same pattern.
Here are the charts.

June 2, 2016 Breakout on 200SMA. The breakout of 200SMA was followed by a breakout at $3.00. The $3.00 became the base line for the VCP formation for 18 days until it gapped-up hitting $4.00. The tip of the breakout inverted hammer or the mid section of the tail of that hammer is the good position for a buy during the next day's confirmation.

March 23, 2018 Breakout on 200SMA. Here the inverted hammer had actually closed above the 200SMA. But we still need to confirm if this breakout is not a false breakout. We have to wait for the next candle to form. This breakout is also a $3.00 breakout but with the bigger body of the candle still submerged below the $3.00 mark. So what we need to see is the confirmation that the next candle will have the entire body above this $3.00 mark. Mind you, the volume is only 534.6K. We need a confirmation volume that will push this higher.

Here is the closer look of the 2 similarities. Same as the previous move, the good entry point would be around $3.00. But let us wait what will happen the next day.

DropBox IPO Debut and the lesson you can use from FB, SNAP, BABA and SQ

One of the famous internet shared space for common people and even to offices of big companies is the so called DropBox. The company had grown so big now as to make itself into a public company. It had just its public debut today opening at $29.00 and reaching a high of $31.60 but pulled as low as $27.84. This is amidst the news of facebook having its 50 million user profile harvested illegally by Cambridge Analytica  used for political fake news propaganda. The scandal had brought a sell-off frenzy among the scared and angry users which also reverberated among the other social media giants like google, twitter,  and even tesla had been affected too. Elon Musk even released a tweet of deleting his Tesla and Space X Facebook pages with 2.6 million followers. That's why DropBox CEO Drew Houston was trying to state in his address "user trust".

And here's the chart of the new IPO.

SNAP in its public debut went as high as 26.5 from it's $24.00 opening price. It went down as low as $23.50 and closed at $24.48. The next day it went as high as  $29.44 and went down all the way to $11.28 within 6 months time. That is where it bottomed for another 6months until it went back up to a high of $21.22. We might be seeing the same scenario with Dropbox here.

The huge gap-up of SNAP on Feb. 7, 2018 was fuelled by the turn around of its profitability. The sell-off after this gap-up is probably caused by those who had bought previously at the waterfalls of the price and would just like to get rid of SNAP stocks. The Market Maker will have to absorb all these until this gap would probably close before the stock can hit its gas to pump up higher. One of the article of yahoo today was actually telling investors to learn from facebook, alibaba and square before starting to buy dropbox. And that would be the same thing I would do. Maybe the best play you can do for now with dropbox is actually on the short side for 6 months. This would be a nice gain on the downside.

BABA on the other hand from it's public debut of a high of $92.70 went down after 12 days to as low as $82.81 then came back up to hit a high of $120 for the next 20 days. From there onward it just went as low as $58.00 for the next 11months. Then it rose to as high as $86.35 but then went back down to $59.25 for the next 4months forming the double bottom Feb. 9, 2016. It was from this time onward that it started rising and never looked back hitting as high as  $200.00.

Here are the charts of Baba.

And here are the charts of SQUARE. Square is much the same as with the rest too. It went down twice as low as $8.27. This low had been tested 4x, confirming the bottom. It was from there that it started picking up and never looked back reaching a high of $58.46

IPOs like this always tanked to the price the investors are willing to start holding. Based on my observation. After the bottom like double bottom formation it will start to rally and form a VCP (Volatility Contraction pattern) where the price merge slowly in the middle for few months and then breaks with a Gap up and huge volume or after a small breakout it is till followed with a Gap up and a hug volume with price breaking the 200SMA. Then the 4 simple moving average will line up parallel to each other. The 30SMA above the 50SMA, then 150SMA below the 50SMA with the 200SMA all below the rest of the other SMAs.