I would like to personally wish you a very happy 4th of July.
I will be announcing a big pick sometime next week.
I get numerous questions every day about my alerts so I’m going to describe what some of the basic alerts means. These are my definitions and are not text book.
Moving Average Alert - When a stock that is in an uptrend hits the 20-day high or a 55-day high we get a buy signal. The same goes for a down trending stock that hits the 20 or 55 day low.
Volume Alert - A volume alert is given out when a stock is trading significant volume to it’s daily average. This is usually fueled by news, promotions, accumulations by groups, or breakout chart patterns.
Momentum Alert - This pattern is usually defined as uptrend trend with volume building and the % increase slowly increasing everyday with a potential of a major breakout on the way.
52wk High - There are many stocks making new highs everyday but I will only put out a 52wk high alert if I feel the stock is going higher.
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