Some charts I like based on today's drinking/screening. Again, swing trades look to get 3-10% (the occasional 20%) in days to weeks before exiting and moving on. Looking for breakouts within a base. A base can be a sideways trend (the tighter the better) that lasts a week to months. The base below on COOP is about a month.
Also, a helpful tip. When trading you start with the daily chart to look for patterns. To confirm momentum, also use the weekly chart. This provides you with how the long term trend of the stock has been moving.
CIT break 54.25, SL 52, 4.1%
EIG break 42.55, sl 40.75, 4.2%
CMA 80.26, sl 77.75 (20 MA), 3.1%
A stretch play where I may buy close to the bottom trend line as it holds little risk, COOP. Buy 33.75 (Friday Close) with SL 33, 2.2% risk. This stock ran to 37 back in March.
