How Leadership is Progressing – April 29, 2020

With the market following through on S&P500 on April 2, 2020 and a follow-on follow through day on April 6, 2020. We have put together a blog post highlighting the progress of leadership stocks and showcasing our teams work. This is an update to our last blog post on April 14, 2020: https://www.traderlion.com/top-stocks/how-leadership-is-progressing/

The April 15 Top 10 Report highlighted: “Regardless, yesterday’s action on the NASDAQ was solid. It reclaimed a major area of resistance with feeling and it doesn’t hurt that the SOX index acted in a very similar manner.

The April 20 Top 10 Report highlighted: “At the same time, money has been finding its way into other areas of the market where many of the leading names that were in the process of base building a few weeks ago, have now completed forming proper bases and are looking much more actionable. I.e. PDDPLMR and CCXI to name a few from today’s Top 10.”

The April 20 Top 10 Report highlighted: “Pay close attention to how rotation takes shape over the next several days, because the health and breadth of the market’s leading growth stocks always provides the best clues as to what one might expect moving forward.”

The April 27 Top 10 Report highlighted: “Pay close attention to how rotation takes shape over the next few weeks, because the health and breadth of the market’s leading growth stocks always provides the best clues as to what one might expect moving forward.”

Note: Several names from our last update remain above key pivots and continue to trend higher. We have not repeated names in this blog post. Objective is to highlight the action since April 14, 2020.

Click the blue bars for details. 🙂

ENPH (Progression from April 15 to April 29 +17.4% from $41.80 pivot)

ENPH: First highlighted on April 15, 2020 Top 10 Report. Pivot $41.80.

April 29: ENPH Triggered an entry on April 28 on High Relative Volume. +17.3% from Pivot

BILL (Progression From April 27 To April 29 +20.9% From $49.87 Pivot)

BILL: First highlighted on April 27, 2020 Top 10 Report. Pivot $49.87

April 29: BILL making major progress from pivot. +20.9%

IPHI (Progression from April 1 to April 29 +26.4% from $79.86 pivot)

IPHI: First highlighted on April 1, 2020 Top 10 Report. Pivot $79.86

IPHI: April 14 Update making major progress making highs

IPHI: Continues to trend higher holding above its 10-DMA from $79.86 entry.

LVGO (Progression From April 1 To April 14 +36.2% From $30.19 Pivot)

LVGO: First highlighted on April 1, 2020 Top 10 Report. Pivot $30.19

LVGO: April 14 Update making progress +23.9% from pivot

April 29: LVGO continues to trade above its 10-DMA similar to the action seen on IPHI mentioned above.

Some examples from our Swing Trading team

LVGO Swing Trade Plan (Progression from April 2 to April 29 +46% from $28.00 pivot)
MASI Swing Trade Plan (Progression from April 1 to April 29 +15% from $184.00 pivot)
DXCM Swing Trade Plan (Progression from April 13 to April 29 +25% from $275.00 pivot)
April 29, 2020