Friday, January 27, 2017

NEW signals for 01-27-2017 $SYY $WU

Some new signals for today:

Sell signal was given to $SYY (last price: $53.03)

Sysco stock has been on a downtrend since December 20th, 2016. It seems to continue going in that direction, according to the UltimateAlgorithm. I would enter a position on a light recovery around $54 with a stop-loss at $54.80 and a Short price target of $50 and under.

Sell signal was given to $WU (last price: $19.59)
It seems as if Western Union stock has fallen off a cliff in the last few trading sessions, having dropped around 13% from its early-January highs.
A bet on further down days could prove attractive, given a stop-loss around $20.20 and a price target of $18.00. With a risk:reward of 2.85 this setup looks good in my eyes.

Last night, Alphabet ($GOOG, $GOOGL) reported earnings together with some other giants Microsoft ($MSFT) and Intel ($INTC). Preliminary action suggested not great results, Google having disappointed investors and analysts with its bottom-line results.
This could drag all of NASDAQ and the market as a whole to a red day/week. We will have to see how it ends, though.

To see general results of the algorithm click here.
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