Seeking Alpha

ZignalsApps'  Instablog

ZignalsApps
Send Message
ZignalsApps integrates the most advanced capabilities of Zignals trading tools with Seeking Alpha's depth of content to offer convenience and research horse power, all on a single page. ZignalsApps delivers in two forms: [1] Powerful investing applications suited to your individual needs [2] A... More
My company:
Zignals
My blog:
Zignals: The Market For Trading Strategies
  • Long & Short Ideas with PatternDNA: January 26th 0 comments
    Jan 26, 2011 10:35 AM | about stocks: HLF, CTL, IDCC, CLB, NAT, OII
    This week's Jim's Picks are the following bullish picks: Herbalife (HLF), CenturyLink (CTL), Ancestry.com (ACOM), InterDigital (IDCC), Core Labs (CLB), and bearish picks: Nordic American Tanker (NAT) and Oceaneering International (OII).

    What is the PatternDNA view?

    Stock
    No. of
    Patterns
    1-day
    % Win
    2-day
    % Win
    5-day
    % Win
    Average Return
    Per Trade (> 5 day)
    HLF 83 47 53 49 +3.0
    CTL 50 38 55 61 +6.2
    ACOM n/a n/a n/a n/a n/a
    IDCC 69 37 59 71 +6.5
    CLB 70 44 59 70 +7.7
    NAT 25 47 75 72 +8.5
    OII 157 45 59 60 +6.1

    A quick review of the five day projections shows a less than stellar start for Wednesday (1-day) with CenturyLink (CTL) and InterDigital (IDCC), but with a more broadly bullish advance by next Tuesday (5-day) for these two stocks plus Core Labs (CLB) and Nordic American Tanker (NAT). Nordic American Tanker (NAT) is given a 72% probability for a higher close on Thursday.

    The 5-day Pattern for Nordic American Tanker (NAT) also has the strongest outlook over the long term; 88% of trades using an initial stop of 10% with an adjusted stop to 5% after a 15% gain (profit target of 25%) close in profit, with an average return per trade of +8.5%.

    Only Herbalife (HLF) offered a somewhat disappointing +3.0% average return per trade off 57.3% winners.

    Based on PatternDNA analysis the outlook for these stocks looks good over the long term which may indicate the market has not finished rallying yet. For next week, Jim's bearish-watch Nordic American Tanker (NAT) is the one which might offer bulls the most joy.
    Stocks: HLF, CTL, IDCC, CLB, NAT, OII
Back To ZignalsApps' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.