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  • Long & Short Ideas with PatternDNA: January 19th 0 comments
    Jan 19, 2011 8:34 AM | about stocks: BRK.B, WGO, VSH, SUNEQ, ABT

    We have another round of Jim Cramer picks to decipher with PatternDNA. It's a shortened list with six stocks; four bullish: Berkshire Hathaway (BRK.B), Winnebago Inds (WGO), Vishay Intertech (VSH), Memc Electronic (WFR) and two bearish: Abbott Laboratories (ABT) and Weyerhaeuser Company (WY).

    How did PatternDNA view these stocks?

    Stock No. of
    Patterns
    1-day
    % Win
    2-day
    % Win
    5-day
    % Win
    Average Return
    Per Trade (>5 day)
    BRK.B 73 68 50 56 +1.7
    WGO 92 54 52 56 +2.4
    VSH 274 52 51 60 +5.7
    WFR 180 48 52 56 +3.7
    ABT 98 47 52 55 +7.4
    WY 19 72 52 59 +2.5

    Of the listed stocks there was no strong indication going forward as to the possible direction these stocks might take. Vishay intertech (VSH) clambered to a 60% of a higher close of the fifth day after the Pattern completed. It had a long term return of +5.7% using an initial stop of 10% with a stop adjustment after a 15% gain to 5% (off the then price) and a final profit target of 25%. The 5.7% coming off a 67.0% profitable plays. 

    Berkshire Hathaway (BRK.B) and Weyerhaeuser Company (WY) had the best prospects for buying today's open and finishing higher at the close of 68% and 72% probability respectively. Weyerhaeuser Company (WY) exhibited a rare Pattern with only 19 matches (out of 18 US stocks over the past year) compared to the 274 matches of Vishay intertech (VSH). 

    It was one of Jim's bearish picks, Abbott Laboratories (ABT), which had the most bullish long term outlook with an average return of +7.4% off a 73.2% win percentage (Stop: 10%, Stop of 5% after a 15% gain, Profit Target of 25%).

    So it could be a scrappy next few days for these stocks, but the long term prognosis remains positive going forward. Keep an eye on Abbott Laboratories (ABT), Berkshire Hathaway (BRK.B) and Weyerhaeuser Company (WY).

    Stocks: BRK.B, WGO, VSH, SUNEQ, ABT
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