I have found that range squares work well with my top 100 growth stocks. It is rare that one of these stocks sets up nicely within the square of the range, but Lumber Liquidators (LL) has done so. I will follow this over the next several weeks and provide updates if anything interesting occurs.
Chart courtesy of Stockcharts.com
Note: This is a low volume stock. It will be a good experiment to see if readers buy this just because I used it as an example of what to look for in an individual growth stock. (Not real smart.) I will not trade it because I would probably get into trouble with the SEC for posting low volume stocks and trading them. Besides, Lumber Liquidators? That sounds so boring…
Note 2: If I post on a stock that trades many millions of shares a day, such as CHK, MSFT, GOOG, AAPL, etc, I may or may not trade it without posting a disclosure. No matter how hard I tried, there is no way I could ever influence the movements of big volume stocks by posting here.
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