|Stock||No. of |
|Average Return |
Per Trade (> 5 day)
There is a much more modest appraisal for this week after the bullishness of last weeks' Patterns. There is no advantage in either direction which suggests a trading range will emerge.
Only Nividia (NVDA) offers a bullish outlook above the 60% probability grade for a higher close in five days. On the bearish front was a 78% and 75% of a lower close by day 2 for Schlumberger (SLB) and Goldcorp (GG).
The Average Return per Trade was relatively lackluster (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%). Schlumberger (SLB) with its rare Pattern had an Average Return Per Trade of 7.1%, with 75% winners. But there was little else positive on offer.
Might be a quiet week.