Look At This Stock - DEPO

Jan. 20, 2014 11:16 AM ETASRT

27.17K Followers

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

http://www.zentrader.ca

Momentum

Seeking Alpha Analyst Since 2008

I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.I've developed a market timing system that determines when it's best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what's going on right now in the markets, rather than reacting to daily fluctuations.View my personal blog http://zentrader.ca/

By Jeff Pierce

Using the RSI as a measure of how bullish this stock has become and going buy the metrics of 80-40 as the range that a stock oscillates when it's in a bullish trend you could say that DEPO is really overbought. The opportunity to trade this stock will be in the pullback as the RSI trades back between 40-50, which should be somewhere in the $10's. Watch that level for a bounce.

Look At This Stock - FNGN

Look At This Stock - OTIV

Look At This Stock - OPEN

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You