Eight stocks were given the PatternDNA treatement. These were 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).
The initial projection for these stocks going into the week was for a quiet first two days, building to an 58% probability for a higher close by day five (five of the eight stocks held a 60% or more probability for a higher close). Unfortunately, the bullish optimism didn't pan out, with four stocks finishing lower and four finishing higher by the close of trade on day 5.
Best of the stock was Tellabs (TLAB). It closed the five day period up 6.0% - although yesterday's losses on earnings took all of these gains away and then some.
Worst hit was American International Group (AIG) which finished down -4.7%. It was closely followed by Cree Inc (CREE) which finished down -4.0%. Both of these stocks had offered probailities greater than 60% for a higher close by day 5.
PatternDNA scored four out of four for day 1 where the probability for a higher or lower close was 60% or more, but only correctly projected one out of five for day 5.
A mixed performance from these 8 stocks.