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  • 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?

    No. of
    % Win
    % Win
    % 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
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