I've been holding AJRD this week, and it's one of the few stocks that's doing well for me in the current climate. Despite the current market headwinds, it's posing to breakout into a rally. The earnings surprise is good, and the supporting technicals are better. The volume spike on earnings indicated that this could be a strong reversal, and it certainly looks like that's playing out right now.
MACD crossed positive just a little over a week ago on their earnings call gap up, but I waited a couple of days to see indication of a stronger trend forming, and it definitely is now. ADX is at 33 just below a well established trend, but this is pretty high for a trend reversal but DM+ is strongly above both ADX and DM-. RSI is high, so you might want to watch how the stock reacts to the current events over the next few days before going long, but don't wait too long and miss out on the gains.
MACD crossed positive just a little over a week ago on their earnings call gap up, but I waited a couple of days to see indication of a stronger trend forming, and it definitely is now. ADX is at 33 just below a well established trend, but this is pretty high for a trend reversal but DM+ is strongly above both ADX and DM-. RSI is high, so you might want to watch how the stock reacts to the current events over the next few days before going long, but don't wait too long and miss out on the gains.
Transakcja zakończona: osiągnięto poziom stop:
Stopped out at a take profit point. Not as much as I would have liked, but enough to be happy I wasn't losing anything. This market headwind is not going to be favorable to heavy industry, high tech, or trade-heavy industries.