Ken's Breakout Charts: ITB, PHM in Home Building and XNET in China Tech
11/30/2017 1:01 pm EST
Join Ken Calhoun each week for a new episode of Breakout Chart of the Week for stock swing traders and day traders. Today’s swing trading charts: ITB and PHM and intraday trading chart XNET. And recaps from last week: DHI and SQ. Exclusively for MoneyShow. Share with your friends.
These brief, actionable trading videos will show you new examples of strong breakout stocks, with chart patterns clearly explained, updated weekly. All in under ten minutes.
iShares Dow Jones US Home Construction ETF (ITB) seeks to track investments results of an index composed of U.S. equities in the home construction sector. It was launched in May 2006.
Pulte Group (PHM) is a home construction company based in Atlanta, the third largest company in the sector in 2016, based the number of homes closed.
Xunlei (XNET) is a Chinese multinational tech company and online provider founded in 2003.
The two picks I told you last week, potentials for reversals D.H. Horton (DHI) hit and continued to run. We hit that nicely. Square (SQ) reversed off the nine, $49 was the exit target. Nines are good exit targets and these are examples why for swing trades.
Trade with intelligence, trade with real tight stops. Play the field.
I was thrilled to be a presenter at the TradersExpo Las Vegas recently. Watch my tour of the event, my 17th year, with my traders and friends here including Kim Githler, CEO of MoneyShow. Join us next year!
Ken is president of TradeMastery.com and frequently presents at TradersExpo and MoneyShow.
Recorded: 11 am EDT, Nov. 29, 2017