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.