Today's Trades: EWZ, FCEL, GES, HOC, SBGI, PDE

I took profits from my 500 share position in HOC at $60.76 (entry at $57.94) for a $1410 gain (+4.9%).

I sold shares of PDE at $31.73 (entry at $30.28) for a $725 gain (+4.8%).

I sold 500 shares of SBGI at $16.18 (entry at $15.23) for a $475 gain (+6.2%).

I sold 300 shares of GES at $42.13 (entry at $40.85) for a $384 gain (+3.1%).

I was stopped out of FCEL for no gain or loss. I had moved my stop to break even level once it moved up yesterday.

I bought 600 shares of EWZ at $50.43. The stock has broke out of a big base at $50, which has acted as resistance. I hope to annotate a chart tonight, but take a look at the move out of the base on the chart below.

I am holding EWZ, HES, TZOO and HOKU. I plan to go over each of today's exits today or tomorrow.

PDE Trade: A Classic Pullback From Breakout Setup

I traded a classic setup today, the good old pullback to support after a breakout. The elements that lead to entry include:

1. Price breaks out over an established resistance level.

2. Volume picks up on the way up, showing increased accumulation.

3. The stock pulls back to the old resistance level on less volume than the breakout.

4. An NR7 (lowest range day within the past seven days) prints at resistance/support.

5. The stock opens the next day above the NR7 level on good volume. This signifies that the old resistance level has successfully turned into a support level.

My target for this trade is the old high at $33, though I may take partial profits earlier and move my stop up to the break even level.