Watchlist:
Big Picture SPY:
SPY continues in an uptrend on the Daily Chart. All time highs.
Steady and strong uptrend.
SPY on the 30-MIN chart – Support at: 327.21 and closest support at: 327.61
So far, on Pre-Market is showing strengh. 327.21 Support was tested and prices bounced upward.
SPY on the 5-MIN chart – Yesterday was a strong day reaching all time highs at the close.
Yesterdays support at: 326.06
So far on Pre-Market has reached 328.69 – watch this price for a possible breakout (on high volume) otherwise be aware if the price cannot hold higher and bounce back to a lower price.
Price is still holding above VWAP.
Intraday Fundamentals – PGNY:
Progyny, Inc., a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States.
Recent IPO already profitable, with six quarters of triple-digit sales growth.
Shares spiked 8.7% to 31.85 yesterday. PGNY is close to a buy point at 32.00. If PGNY stock holds above this price on high volume expect a move up.
Beta:
ATR: 2.32
R.Vol: 1.80
Avg. Vol: 893.98K
Current Volume: 1.587.473
Short Float: 1.14% – 78.65M
Short Outstanding: 82.15M
Institutional Ownership: 68.80%
Technical Analysis – Daily Chart – PGNY:
Long Resistance: 32.00
Long Support: 27.39 – 29.22
3 times its volume if compared with day before.
Long green volume candle as well as price.
Technical Analysis – 5-MIN – Chart – PGNY:
So far, steady up move on the pre-market: 32.30
Closest support at: 30.75 – 31.30
If keeps holding 32.30 It´s a long
If sellers takes over at 32.30, expect a move back to 31.48
Trade Management – 15-MIN Chart – PGNY:
Price starts to hold over 33.37 with volume – Holding above VWAP. Downtrend broken.
Trade Management – 5-MIN Chart – PGNY:
At 10.15 AM buyers take control, downtrend is broken at 32.72. Long full size at 32.76 with stop at 32.71. Sold half size at 33.00 and 1/4 at 33.30 and the rest at 33.40
Trade Management – 2-MIN Chart – PGNY:
At 11.15 AM price is tested against VWAP for the 3rd time and bounce to the upside at 32.97 and starts a new intraday uptrend. Buy entry price at 33.03, stop at 32.92 or if VWAP is brokendown and holds below. Trade2hold. Sold half position at 34.00 and a 1/4 of my position at 34.54, and the rest at 35.00.
Vanessa Alva | US Equity Trader 