SFLY breaks from a triangle, ATU flies

Ok, so I got three stocks I'm going to mention on here. These are not the only ones I'm liking here. There seems to be some really good breakouts, ranges, and momentum out there to trade. But without further adeiu here they are...

SFLY


You know I hadn't even heard of this stock nor had it shown up on any stock screens that I've done before tonight when it was mentioned on Fast Money as a takeover candidate. I just had to look at the chart after hearing that! What do you know, it looks excellent (from my perspective, feel free to make your own judgements).

What I am seeing is a breakout from a triangle that would measure to around 22.75, a 10 percent gain from today's close. While it is a bit worisome that an exit is not clearly defined (a stop below the middle bollinger would do but there is some downside in that), I think you'll be able to tell if this trade goes bad. As for an entry, I would try waiting for the open tomorrow. If it opens up I'd put half a position on and wait to see if it comes back in to test the breakout at 19.85ish. That is where I'd put the other half on. If it opens weak, wait for it to come in within reasonable distance of that breakout point and buy it up.


ATU


I mentioned ATU recently as a trade to persue. It is now breaking to the upside, the beginning of what could be a very nice run. If you entered where I said, you're already up 3 percent, don't look to cash in yet unless there is a serious change in price behavior.