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Watchlist Week of Oct 25th, 2021


Full House Resorts, Inc.

Full House Resorts, Inc. (FLL) is an owner and operator of casinos and related hospitality and entertainment facilities in the United States.

These include Mississippi’s Silver Slipper Casino and Hotel, Colorado’s Bronco Billy’s Casino and Hotel, Indiana’s Rising Star Casino Resort and Nevada’s Stockman’s Casino and Grand Lodge Casino.

The company also recently proposed a new $250 million gaming and entertainment destination in Indiana called “American Place.”

Here’s how the chart is setting up:

Daily Chart of Full House Resorts, Inc. (FLL) — Source: TradingView

And here’s how the stock is setting up with my Stock Surge Indicator (SSI):

  • Surge score: 94/100
  • % Above 52-wk low: 453%
  • MFI reading: 63
  • Sales growth: +206%
  • Triple momentum: yes

From a technical perspective, FLL is completing a five-month cup and handle formation.

So far, the stock has pulled back 9% in the handle. The low of the handle move is where I would place my stop.

Then, the entry trigger will be a break of the handle trend line.

I like to see price break the last few days’ highs, which right now would mean buying on a move above $11.55.

Teradata Corporation 

Teradata Corporation (TDC) provides hybrid cloud analytics software through its Teradata Vantage platform as well as software, hardware and support services.

It also operates a business consulting division for businesses looking to establish an analytical vision and identify analytical opportunities that can help deliver value to their customers.

It serves a range of industries from financial services and healthcare to manufacturing and retail.

Here’s how the chart is setting up:

Daily Chart of Teradata Corporation (TDC) — Source: TradingView

And here’s how the stock is setting up with my SSI:

  • Surge score: 96/100
  • % Above 52-wk low: 226%
  • MFI reading: 54
  • Sales growth: +7%
  • Triple momentum: yes

Teradata sales growth was only 7% last quarter, but earnings were up 208%. And based on the price action, the stock is clearly under accumulation.

There has also been a noticeable dip in volume during the final leg of this consolidation.

TDC just hit my entry trigger at $58.65 at the time of this writing on Friday morning.

As long as price has not gotten extended by Monday’s open, this should be a good entry point.

I suggest working a stop just beneath the swing low at $54.10.

Veeco Instruments Inc.

Veeco Instruments Inc. (VECO) is a developer and manufacturer of semiconductor and thin film process equipment that is used to build electronic devices.

Integrated device manufacturers use VECO’s products to make microelectronic components like logic boards, dynamic random-access memory (RAM) and other semiconductor devices that are in high demand and short supply around the world right now.

Here’s how the chart is setting up:

Daily Chart of Veeco Instruments Inc. (VECO) — Source: TradingView

And here’s how the stock is setting up with my SSI:

  • Surge score: 79/100
  • % Above 52-wk low: 89.2%
  • MFI reading: 49
  • Sales growth: +48%
  • Triple momentum: yes

I love the technical setup on VECO right now.

After a 140% surge over a nine-month span, shares retraced by 20%.

Pullbacks got progressively shallower and formed clear resistance at the $24.00 level.

There appears to be a lot of supply at this level, but the price compression suggests the market is working through those sell orders.

If VECO can clear the $24.00 level, there should be little resistance for a quick move higher.

Also, you only need to risk about 5% to potentially see a nice win.

Embrace the Surge,

Ross GivensEditor, Traders Daily Direction

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