RM, Thanks, great info as usual. Question for you... WOLF is one I've heard about a lot on FinTwit lately and have been meaning to look into it. The stock hasn't found me yet. How did it find you? Upon reviewing it, WOLF doesn't meet the Minervini Trend Template.... MA150 < MA200 and MA200 not up for at least a month. Recent cup & handle is sloppy... very deep at about 50%, recent handle is kinda deep at about 15%, no real pattern recognition on MarketSmith, lot of resistance at the 117 to 125 area. Industry group 93 (not great). U/D of 1.1 (not great). Maybe the only things that would've got my attention is the HV day on 8/18/22, and the following increase in RS LINE, some insider buying, and maybe the sales quarterly increase from 36%, 36%, 37% then a jump to 57%, but no earnings (Earnings getting better but still negative). I'm not trying to bash this thing. I'm just trying to understand what all the "hotness" is about. Thanks for any insight you might have.
RM, Thanks, great info as usual. Question for you... WOLF is one I've heard about a lot on FinTwit lately and have been meaning to look into it. The stock hasn't found me yet. How did it find you? Upon reviewing it, WOLF doesn't meet the Minervini Trend Template.... MA150 < MA200 and MA200 not up for at least a month. Recent cup & handle is sloppy... very deep at about 50%, recent handle is kinda deep at about 15%, no real pattern recognition on MarketSmith, lot of resistance at the 117 to 125 area. Industry group 93 (not great). U/D of 1.1 (not great). Maybe the only things that would've got my attention is the HV day on 8/18/22, and the following increase in RS LINE, some insider buying, and maybe the sales quarterly increase from 36%, 36%, 37% then a jump to 57%, but no earnings (Earnings getting better but still negative). I'm not trying to bash this thing. I'm just trying to understand what all the "hotness" is about. Thanks for any insight you might have.
It's on my radar because of the high volume gap up. It's not acting super strong right now but that is the same with most stocks.