Wednesday, January 11, 2017

New signals for 01-11-2017 $IVZ $EQT $VFC

Hey everyone,
For today we have three new signals.

Buy signal for $IVZ (last price $30.67)
It seems the stock has recently emerged from a cup with handle pattern. I would have put a pretty tight stop-loss at about $30 with a near price target of the previous top - $33.34. Overall a nice risk:reward of about 3.6 makes this an attractive trade.

Sell signal for $EQT (last price $63.34)
Stop-loss at $68.50
PT $54.50
Risk:reward ratio of 1.7 does not make it an attractive trade.

Sell signal for $VFC (last price $53.24)
One of my all-time favorite stocks, VFC has seen some ups and down in recent years. The company which owns numerous brands, namely The North Face and Timberland, has not been able to catch a break. Today my algorithm posted a Sell signal. Considering the stock made a round-trip around $55-$60 during 2016 this is not yet a buyable stock. And since the stock is nearing its 52-week lows, I'm not sure how to relate to this signal. I'm pretty long-biased to the stock, so won't short it here.

That's it for today,

To see general results of the algorithm click here.
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