Weekly Swing Buy Alert

The Weekly Swing Buy strategy identifies buying opportunities in stocks that are in clear uptrends on the weekly chart. It applies the same basic Swing Buy principles. The key factor is that the stock is experiencing a minor pullback within the context of an uptrend. The final trigger for this alert is when the stock price breaks above its prior weekly high, signaling the pullback is complete and the uptrend is being reasserted. The following charts show examples of the type setup TradeSeeker looks for in a Weekly Swing Buy opportunity.

Example1:

Veritas Software, VRTS, has been in a clear uptrend over many months and is experiencing a minor pullback. During this time period, TradeSeeker monitors the stock movement looking for a breakout, a point when the stock price breaks above its prior weekly high.

The instant VRTS trades above its prior weeks high, TradeSeeker generates a Weekly Swing Buy alert. The following chart shows what the stock did after the breakout point. As you can see, the stock reasserted its uptrend and continued to higher highs.

Example 2:

This chart of Microsoft Corp., MSFT, illustrates an additional example of the Weekly Swing Buy setup in TradeSeeker. The stock had been trading in an uptrend and experiencing minor pullbacks along the way. As each pullback completed and reversed, TradeSeeker generated an alert to signify a Weekly Swing Buy opportunity. As you can see, the stock reestablished its uptrend and continued to trade higher.