Stock trading – a few stocks to watch – no entry on swing trade

New pick on the day, First checking the fundamentals on trading the symbol QCOR

Stock Trading Analyzer Result for QCOR

Analysis passed the average estimates test: Current Quarter 0.37, Next Quarter 0.38, Current Year 1.18, and Next Year 1.88

Analysis passed the number of analysts is above 3: Current Quarter 6.00, Next Quarter 3.00, Current Year 4.00, and Next Year 7.00

Analysis passed Earnings History Surprise test, however be warned 4 Quarters Ago is negative : Last Quarter (42.30%), and 2 Quarters Ago (15.00%), 3 Quarters Ago (17.60%), 4 Quarters Ago (-20.00%)

Analysis passed EPS Trends test, however be warned: Next Year EPS trends is not all ascending 1.43, 1.42, 1.82, 1.86, 1.88 Current Year (0.96, 0.97, 1.16, 1.18, 1.18), Next Year (1.43, 1.42, 1.82, 1.86, 1.88)

Analysis passed Growth Estimate test: Passed Growth Estimate for next quarter (90.00%), next year (59.30%), and next 5 years (42.25%) all above 20%

Looking at the stock trading Chart for QCOR we can see levels of support on this move up.  Notice that we are also at the top of a consolidate range on this move up.  With the Dollar index pointing higher and the S&P500 headed lower we could be looking at a topping pattern.  Taking the break of this resistance could come in as a head fake.  Check the risk and use the risk parameters congruent with your account.  Remember that it is exposure that is the measure, not the risk.

Trading off a topping pattern like this is very volatile.  Remember that we are in December and the volume is decreasing.

Watch for a reversal and continuation off of the 37.50 support if it is to occur, at least you will have been able to wipe out a great deal of risk on the entry.

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