PatternDNA Long & Short Update from April 1st
Seeking Alpha Analyst Since 2010
The picks we reviewed for last week were drawn from a scan created by Alan Brochstein. The projections drawn from this group of stocks did not augur for big gains. The general neutral outlook underestimated some of the losses for individual stocks with Great Northern Iron (GNI) and Ebix (EBIX) giving up -9.0% or more.
LaBarge saw a buyout which meant the stock jumped +6.7% on the week, although it was the only big gainer. Chase (CCF) and Spectrun Control (OTCPK:SPEC) were the only other higher closers at +2.3% and 0.3% respectively.
PatternDNA had a 67% success rate from a small sample of three strong projections (and all three favoured downside). Given there was no strong upside projections, PatternDNA did its bit to keep out of the market in what amounted to very narrow trading on the week.
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