PatternDNA Long & Short Update from March 18th

Mar. 25, 2011 7:32 AM ETBKE, BPO, DEER, GRMN, MFW, HRBN, SXL, USNA
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 As a break from Jim Cramer we took a look at ten value picks as offered by Boris Senderovich. There wasn't a whole lot on offer, with Harbin Electric (HRBN) offering the strongest pattern going forward with honorable mentions to Brookfield Properties (BPO) and China Digital TV Holdings (STV).

Harbin didn't disappoint. It finished the week up 8.5% and fulfilled all three of its projections for a higher close. The Average Return per Trade (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%) was 8.1% and is on course to hit the Trail Target which kicks in on a 15% gain. 

China Digital TV Holdings (STV) was the strongest performer, finishing the week up 15.7%. While, Brookfield Properties (BPO) closed with a more modest 2.0%.

Where PatternDNA projected a greater than 60% chance of a higher close there was an 88% success rate (the average success rate for PatternDNA projections is 55%). Eight of the ten stock closed higher by the fifth day.

Worst hit was Deer Products (OTC:DEER). PatternDNA didn't offer any strong incentive to buy or short - but it closed the week down 25%. This brought down the average return for the 10 stocks to a loss of -0.3%. 

Overall, a strong recovery following the prior week's turmoil. 

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