Bears Score Big As $BEL Drops

Oct. 28, 2018 8:17 PM ETBelmond Ltd. (BEL)
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2017

I’m co-founder of Simplicity Trading Systems, a fintech company that creates simplistic and actionable trading strategies for investors and traders alike. Our Endeavor program helps to reduce analysis time and increase accuracy for personal trading. Available in over 90 different countries we are committed to helping those interested in getting the most out of their trading. I’m also managing partner of Capaccio Trading Co., a securities trading firm that trades its own capital.   

Summary

  • Traders who shorted Belmond Ltd (BEL) made a nice 5.04% profit in 18 days.

On 10/02 Endeavor's Early Warning Signal (red diamond) identified the potential for a substantial dip in price on (BEL). The signal predicted if price crossed our Trigger Point (red line) of $17.85 it would dip 5% or more in approximately 15 days.

One day later on 10/03 price pushed down crossing our Trigger Point which confirmed the signal.

Friday’s price fell to a low of $16.95 making 5.04% from our Trigger Point in 18 days just as predicted. Daily volume was 678,031 which is in line with its six month average volume of 657,148.

BELEarly Warning Signals can identify when the price of a stock, ETF or REIT is either overbought or overextended on a technical basis. This causes a pull back or dip in price that can vary in severity. By predicting the move ahead of time, traders and investors can profit by applying strategies that fit their unique styles. Securities traders can short shares, options traders can buy puts and long-term investors can prepare for the movement, so they don’t overreact.

                 Find out more about the Early Warning Signal

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.