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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
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  • Long and Short Ideas for April 15th 0 comments
    Apr 15, 2011 10:40 AM | about stocks: AIG, NOK, KODK, PHM, WY, CREE, TLAB, ODP
    This week's stocks are from NakedValue and include American International Group (NYSE:AIG), Nokia Corporation (NYSE:NOK), Eastman Kodak (EK), PulteGroup, Inc (NYSE:PHM), Weyerhaeuser Company (NYSE:WY), Cree Inc (NASDAQ:CREE), Tellabs, Inc (NASDAQ:TLAB), Office Depot, Inc (NYSE:ODP)

    StockNo. of
    Patterns
    1-day
    % Win
    2-day
    % Win
    5-day
    % Win
    Average Return
    Per Trade (> 5 day)
    AIG734553603.7
    NOK704743486.5
    EK376056624.6
    PHM3636359614.8
    WY453957614.8
    CREE935255684.2
    TLAB1095050594.2
    ODP3093542522.9

    The five day outlook is relatively bullish with an average 59% probability for a higher close next week. Only Nokia (NOK) and Office Depot (ODP) offer a coin flip probability for a higher close.

    The projection for the next couple of days is relatively muted. Eastman Kodak (EK) and PulteGroup (PHM) offer probabilities above 60% for a higher close today. While Office Depot (ODP) and Weyehaeuser (WY) have a 65% and 61% probability of a lower close today.

    While the short term outlook is relatively bright, the long term outlook is a little more gloomy. Ironically, Nokia (NOK) offered the best long term performance; 65% winning trades with an Average Return Per Trade of 6.5% (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%). But there are no real standouts.
    Stocks: AIG, NOK, KODK, PHM, WY, CREE, TLAB, ODP
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