I’ve been looking for some candidates to replace Micron technology which has been a steady member of my portfolio for both holding and Option trading. Gone are the bargain $6 days as this tech stock is now trading over $30. I’m particularly keen on NASDAQ stocks as, IMHO, they have more room to move given their relative under-performance compared to the larger S&P500 and DJIA indices. This post records some of the new NASDAQ candidates I’m reviewing for their technical breakout potential and that are currently trading for under $20. I’d welcome your feedback and input here!
MU weekly: Micron Technology: now trading over $30. This stock used to earn healthy Put premium relative to its price but that situation has now changed, especially in this low volatility VIX environment. I’ll keep an eye on this in case of any pullback though:
NASDAQ monthly: lots of room to move here to complete this ascending triangle breakout:
NDX monthly ( NASDAQ-100): ditto here:
S&P500 monthly: the NASDAQ and NDX are lagging behind this index that has almost completed its ascending triangle breakout:
DJIA monthly: similar here too:
Candidates I’m reviewing:
AMD: this is an existing member of my watch list and still a candidate:
ABTL:
AIRG:
ALSK:
AXTI:
DAIO: Hmmm…I think I’m a bit late to this party 🙁
DSPG:
EMKR:
MITK:
TTGT:
AOSL:
PTNR:
ZIXI:
SIRI:
APOL:
