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Technical Study Report 7/12/2012

|Includes: ACE, CMI, PCAR, Trinity Industries Inc. (TRN)

7/12/2012 Study Matches

Below are the study matches for the day, also before looking at the list below please read my DISCLAIMER here.

Bollinger Bands Study: NONE

Reversal Study: Trinity Industries Inc. (NYSE:TRN), Cummins Inc. (NYSE:CMI), ACE Limited (NYSE:ACE), PACCAR Inc. (NASDAQ:PCAR)

Fibonacci Study: NONE

Study Descriptions

Bollinger Bands Study:

Bollinger Bands, ADX [Average Directional Index], Momentum, and A Moving Average

Goal: Identify Stocks that are below the lower Bollinger band, and meet other criteria I have set using the three other technical indicators listed above.

Reversal Study:

Price Channels, ADX

Goal: Identify stocks that are trending lower and show signs of reversal using Price channels and ADX.

Fibonacci Study:

Fibonacci Lines, RSI [Relative Strength Index] , and MFI [Money Flow Index]

Goal: Identify stocks that have met certain Fibonacci retracement requirements as well as other criteria for RSI and MFI.

Tracking Conditions:

Entry: I will scan at the end of each day for any stocks that match any of the above three technical studies, and for tracking purposes will track the stock using the open from the day following the signal.

Exit: The exit point for all three studies will be a gain of 30% within a 1 year time period, or 1 year from the original entry date, which ever comes first.


It has been nearly two weeks since any stocks met the criteria for any of my three indicators but today 4 stocks met the reversal study criteria, my thinking is that this is the start of a new short term downtrend.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.