We keep a Strong Earnings ChartList (SECL) for a reason. It organizes a list of companies showing strong fundamentals (better-than-expected revenues and EPS) and strong technicals. One issue, however, is that many of these stocks move higher, because of these strong reports, and then it's up to us to show the patience and discipline necessary to take advantage of short-term pullbacks. Chasing stocks after big moves can be extremely costly, so we try our best to resist that temptation. One stock that fits this scenario, in my opinion, is Western Digital Corp (WDC). It had a big two-week run in late February to early March as you can see below:... keep reading

Bausch Health Cos, Inc. (BHC) recently reported solid quarterly earnings results and raised guidance and the stock jumped on increasing volume as you might suspect it would. It's been nearly three weeks since and it's finally tested (or nearly tested) its rising 20-day EMA, providing a much better reward-to-risk entry. The AD line is strong and BHC has pulled back these past few weeks on rather light volume. I wouldn't completely rule out the possibility of testing the bottom of gap support at 8.67, but building a position, or starting to build a position, at its current price would not be a bad strategy:... keep reading