{"id":13088,"date":"2022-08-10T12:12:19","date_gmt":"2022-08-10T16:12:19","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=13088"},"modified":"2022-08-10T12:53:55","modified_gmt":"2022-08-10T16:53:55","slug":"agl-breakout","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/agl-breakout\/","title":{"rendered":"Don&#8217;t Miss this Explosive Breakout Setup in $AGL!"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/AGL-logo.jpg\" alt=\"$AGL logo\" title=\"\"><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/agl-breakout\/#Recent_IPO_agilon_health_AGL_ticks_all_the_boxes_for_a_powerful_breakout_in_the_coming_days_Heres_a_simple_educational_chart_walk-through_to_give_you_the_inside_edge_ahead_of_the_crowd\" >Recent IPO agilon health ($AGL) ticks all the boxes for a powerful breakout in the coming days. Here&#8217;s a simple, educational chart walk-through to give you the inside edge ahead of the crowd.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/agl-breakout\/#AGL_primed_for_breakout\" >$AGL primed for breakout<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/agl-breakout\/#Bullish_consolidation_ahead_of_the_breakout\" >Bullish consolidation ahead of the breakout<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/agl-breakout\/#The_power_of_multiple_time_frame_analysis\" >The power of multiple time frame analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/morpheustrading.com\/blog\/agl-breakout\/#Dont_jump_the_gun\" >Don&#8217;t jump the gun<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_IPO_agilon_health_AGL_ticks_all_the_boxes_for_a_powerful_breakout_in_the_coming_days_Heres_a_simple_educational_chart_walk-through_to_give_you_the_inside_edge_ahead_of_the_crowd\"><\/span>Recent IPO agilon health ($AGL) ticks all the boxes for a powerful breakout in the coming days. Here&#8217;s a simple, educational chart walk-through to give you the inside edge ahead of the crowd.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Healthcare growth stock <a href=\"https:\/\/www.agilonhealth.com\/our-story\/\" target=\"_blank\" rel=\"noreferrer noopener\">agilon health ($AGL)<\/a> is one of the best swing trade setups we&#8217;ve recently come across in our daily stock scanning.<\/p>\n\n\n\n<p>The combination of massive sales growth, top relative strength, recent IPO status, and a bullish consolidation pattern means&#8230;<strong> <\/strong><\/p>\n\n\n\n<p><strong>$AGL may be setting up for an explosive breakout with big gains for your account<\/strong>!<\/p>\n\n\n\n<p><em>Continue reading<\/em> to discover why $AGL is now a top swing trade setup you can&#8217;t afford to miss.<\/p>\n\n\n\n<p>As a bonus, you will also learn a quick mini-lesson on the power of multiple time frame analysis.<\/p>\n\n\n\n<p>Enjoy&#8230;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"AGL_primed_for_breakout\"><\/span>$AGL primed for breakout<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Agilon health ($AGL), which offers healthcare services for seniors through primary care physicians, is a fairly recent IPO (June 2021) with strong quarterly sales growth.<\/p>\n\n\n\n<p>Recent <a href=\"https:\/\/www.forbes.com\/advisor\/investing\/initial-public-offering-ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">IPOs<\/a> can be explosive movers due to a lack of overhead supply from their limited trading histories.<\/p>\n\n\n\n<p>Strong quarterly sales growth is important because it attracts mutual funds, hedge funds, and other institutional investors that can drive the price higher.<\/p>\n\n\n\n<p> But for the <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">swing trading<\/a> time frame, a <strong>bullish chart pattern with a properly timed entry point<\/strong> is of utmost importance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bullish_consolidation_ahead_of_the_breakout\"><\/span>Bullish consolidation ahead of the breakout<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Currently, $AGL is <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/120414\/how-do-i-identify-stock-under-consolidation.asp#:~:text=our%20editorial%20policies-,What%20Is%20Consolidation%3F,opportunities%20until%20another%20pattern%20emerges.\" target=\"_blank\" rel=\"noreferrer noopener\">consolidating<\/a> in a tight range, near its prior swing high.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The price of $AGL nearly doubled during a two-month rally off the lows, while it held support of its 20-day exponential moving average.<\/p>\n\n\n\n<p>The 50-day moving average recently crossed above the 200-day moving average, a <strong>bullish signal that intermediate-term momentum is shifting.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p>Twice over the past few weeks, $AGL also formed bullish reversals after undercutting its 20-day EMA. <\/p>\n\n\n\n<p>This is annotated on the daily chart of $AGL below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/AGL-daily.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/AGL-daily.png\" alt=\"$AGL logo\" width=\"709\" height=\"530\" title=\"\"><\/a><figcaption><em>Press chart to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_power_of_multiple_time_frame_analysis\"><\/span>The power of multiple time frame analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When scanning for potential swing trade setups in <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>The Wagner Daily<\/strong><\/em><\/a> portfolio, we always analyze charts of multiple time frames.<\/p>\n\n\n\n<p>If the daily chart looks bullish, then we zoom out to the longer-term <em>weekly<\/em> chart to look for confirmation.<\/p>\n\n\n\n<p>The more time frames that confirm a bullish pattern, the greater the odds of a successful trade.<\/p>\n\n\n\n<p>In the best stock trade setups, the daily, weekly, <em>and <\/em>monthly charts confirm the patterns of one another.<\/p>\n\n\n\n<p>Further,<strong> the longer the time frame, the more weight the pattern will ultimately have on the price.<\/strong><\/p>\n\n\n\n<p>For example, a weekly trend holds more bearing than a daily trend, while a monthly pattern holds more sway than a weekly pattern.<\/p>\n\n\n\n<p>So, let&#8217;s check out the <em>weekly<\/em> chart of $AGL below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/220810AGL2.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/220810AGL2.png\" alt=\"$AGL weekly chart\" width=\"718\" height=\"483\" title=\"\"><\/a><figcaption><em>Press chart to view full-size<\/em><\/figcaption><\/figure>\n\n\n\n<p>Above, notice that $AGL has already been building a base for the past four weeks.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/new.morpheustrading.com\/blog\/best-stock-breakouts\/\" target=\"_blank\" rel=\"noreferrer noopener\">best stock breakouts<\/a> are typically preceded by <em>at least a five-week base<\/em>.<\/p>\n\n\n\n<p>$AGL also cleared its weekly downtrend line and reclaimed its 10 and 40-week moving averages&#8211;after nearly doubling off the low. <\/p>\n\n\n\n<p>The 10-week MA has crossed above the 40-week MA and is trending higher, with the 40-week MA flattening out. <\/p>\n\n\n\n<p>Note the 10-week MA has <em>also <\/em>set a higher high.<\/p>\n\n\n\n<p>All of these signals indicate<strong> bullish confirmation<\/strong> of the daily chart pattern.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dont_jump_the_gun\"><\/span>Don&#8217;t jump the gun<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The recent IPO status, strong sales growth, and bullish chart patterns tell us that $AGL may soon enjoy an explosive breakout.<\/p>\n\n\n\n<p>However, it&#8217;s always <strong>crucial to <em>wait<\/em> for a proper entry trigger<\/strong> with a positive risk-reward ratio.<\/p>\n\n\n\n<p>In this case, buying a breakout above the base high is the logical entry point.<\/p>\n\n\n\n<p>In the meantime, the price action may provide us with additional, lower-risk buy points to build a position on weakness.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> to our nightly swing trading report and receive a detailed Trade Alert with our exact Entry and Stop prices if\/when we buy $AGL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent IPO Agilon health ($AGL) ticks all the boxes for a powerful breakout in the coming days. <\/p>\n<p>Here&#8217;s a simple, educational chart walk-through to give you the inside edge ahead of the crowd.<\/p>\n","protected":false},"author":1,"featured_media":13092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"class_list":["post-13088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-picks-analysis"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/13088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=13088"}],"version-history":[{"count":7,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/13088\/revisions"}],"predecessor-version":[{"id":13106,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/13088\/revisions\/13106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/13092"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=13088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=13088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=13088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}