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Bears Score Big As $BEL Drops

|About: Belmond Ltd. (BEL)
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.

BEL Early 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