One of my favorite swing trade setups is the earnings breakout. An earnings breakout requires:
1) A stock that has formed a long base or range
2) A big gap breakout
3) A huge volume surge
4) A pullback to the bottom of the breakout bar for entry
Buffalo Wild Wings meets all of the requirements for the earnings breakout setup. It has been basing in a range since early December and gapped up on huge volume after earnings. While I usually like my initial target at the to of the breakout bar, since last October I have had my eye on big round number $200 as the target for BWLD and it’s still on target to reach that level.
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My focus list is, market analysis and trade alerts are all featured in the Market Speculator Part-Time Swing Trade Report. If you would like to receive the swing trade report and alerts, sign up for the free trial. Follow me on twitter or email me at SinghJD1@aol.com
