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AVEO Pharmaceuticals, Inc. (AVEO)

This is a stock we have been tracking for weeks and months on this list. Another solid breakout into and above the $3.50’s this week. Nice slow grind up. Remember in technical analysis resistance tends to become support. So while this ticker did struggle for quite some time to break that key level, we will be watching for it to consolidated above $3.50 and begin a move higher. While no trade is guaranteed, the risk to reward is very solid, especially for a lower priced stock.

Pure Storage, Inc. (PSTG) 

Huge move and all day grind after earnings Thursday night. Good example of a stock to fire up your StocksToTrade and spend the time to use the SEC filings and news tools to read up. You should always be building your skills to get through this articles quickly and asses a bias. This is the type of process we discuss daily in StocksToTrade Pro. After the big move on Friday, this is a ticker to look to hold gains and plan a swing trade entry later in the week. Be willing to be patient and stick to your plan, no need to rush to enter early in the week.

Immunomedics, Inc. (IMMU) 

One of the best stocks of the week in StocksToTrade Pro, several members did very well on this swing trade. Solid point to exit the all week trade on Friday after the pullback. At this point overnight markets are looking to open red, much like PSTG patience will be the plan here. Stock pullbacks are healthy in longer term type setups. Would every much like to see this base in the low $10’s then if markets recoup a entry mid or later in the week could very well setup.

Abercrombie & Fitch Co. (ANF)

Solid moves in all of the “old school” retailers last week. Many of them up on earnings. I believe many of these moves will be short lived and are simply “dead cat bounces”. We will be looking for late day red moves for short sale entries all week in StocksToTrade Pro. If and when these retail stocks turn to the downside lots of selling will come in.

CareDx, Inc (CDNA)

Top speculative stock of the week. Always use caution shorting lower priced stocks, but his closed very weak on Friday after the big move on Thursday. A solid area to look to short would be any pops in the price above $3 with risk on Thursday’s high areas. What I like about that type of trade plan is it is VERY clear that if a trader holds short and the stock reclaims Thursday’s highs, that is a silly and unnecessary risk. Stick to key levels.

Tim Bohen StocksToTrade Pro – Head Trainer 

Tags: $AVEO, $PSTG, $IMMU, $ANF, $CDNA