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  • Long & Short Ideas for February 10th with PatternDNA 0 comments
    Feb 10, 2011 10:44 AM | about stocks: RIO, VALE, TIF, VLTC, LVS, DCTH, CELG, CMI, PCAR

    Using the free version of PatternDNA we took a look at Jim Cramer's Lightening Round picks. This week he had eight bullish calls: Rio Tinto (NYSE:RIO), Vale (NYSE:VALE), Tiffany (NYSE:TIF), Motricity (MOTR), Las Vegas Sands (NYSE:LVS), Delcath (NASDAQ:DCTH), Celgene (NASDAQ:CELG) and Cummins (NYSE:CMI), and one bearish pick: Paccar (NASDAQ:PCAR). Again, we are looking at the 5-day Pattern using a Neutral match.

    No. of
    % Win
    % Win
    % Win
    Average Return
    Per Trade (> 5 day)
    RIO 170 57 55 59 5.5%
    VALE 66 55 58 67 7.2%
    TIF 183 57 56 59 5.4%
    MOTR 118 51 57 50 6.1%
    LVS 812 56 40 53 5.0%
    DCTH 408 49 55 54 5.0%
    CELG 50 42 52 49 3.9%
    CMI 409 42 53 58 4.3%
    PCAR 117 54 53 58 3.5%

    The probability for a higher close on Day 1 is 50%, 53% for Day 2 and 54% by Day 5, so there is no real edge for stocks going forward.

    Vale (VALE) has a 67% probability of a higher close by Day 5 (69.7% Pattern Win Percentage beyond day 5) and offers an Average Return Per Trade of 7.2% (Average Return Per Trade assumes an initial stop of 10%, raised to 5% off the price reached on a 15% gain. Ultimate Profit Target of 25%).

    Honorable mention to Motricity (MOTR). Its Pattern offered a 68% win percentage with an Average Return Per Trade of 6.1%.

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