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Thursday, February 16, 2017

A much needed update for the last week

Hi everyone,
Work has been pretty busy lately so I hadn't had the chance to post new signals. 

However, activity has been pretty high this week and I am just upset that I couldn't post in real time.
So I will post here all of this week's signals in a single post. I will be referring the last price to yesterday's close.

For February 14th we had 5 Buy signals:

Buy signal was given to $ESRX (last price: $69.46)
Express Scripts stock was just not long ago a Sell (at January 31st, I actually did not like the setup when posted it). However, it did drop around 3.5% just two days later. So you may have had some short selling and profiting from it. Now it's a Buy again! and a great one from the looks of it, as it crossed over a nice wedge pattern.

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Buy signal was given to $GE (last price: $30.35)
Looks good from here.

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Buy signal was given to $KIM (last price: $24.14)
Would not touch it unless crosses above $25.30

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Buy signal was given to $TSCO (last price: $72.73)

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Buy signal was given to $VAR (last price: $81.12)
Varian Medical stock was a Sell on January 30th, and here I am a bit confused. On TradingView it seems the stock only went up. But looking at the chart I posted back on January 30th, the stock traded at $88.80. Google Finance also confirms it. So it would seem the stock dropped around 10% in that time.
Now it is a Buy, and it did move in a positive direction in the last two trading sessions, but I would be careful here.

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For February 15th we had 3 Buy signals:

Buy signal was given to $APD (last price: $142.38)
Looks ready to fill its gap to $147

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Buy signal was given to $MCK (last price: $69.46)
A former Sell signal (from January 30th), I did not like this setup from the beginning. Well, now it's a Buy again.

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Buy signal was given to $SYY (last price: $52.75)
This is also a former Sell signal (from January 27th). I hit this one spot on! my price target was $50, and it was hit on February 6th. Check my original post here.
From here, a Long position with a tight stop-loss (around $51.60) can get you 5% profits in the near-term, if the stock breaks through its downward channel.

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For February 16th we have 3 Buy signals and 1 Sell signal:

Buy signal was given to $CTXS (last price: $80.16)
Looks like that ship has sailed. May be a potential candidate on a pullback to $77-$78.

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Buy signal was given to $MUR (last price: $28.19)
This stock is on a downtrend chanel. Would be careful to enter long here.

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Buy signal was given to $UA (last price: $19.86)
Under Armour was once Wall Street's retail darling. It has dissappointed investors in the last earnings release, and is trying to "get back on the horse" and fill the gap to $24.7. Don't like the story right now. My algorithm thinks it's a buy though, so I can't really argue with it.

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Sell signal was given to $AKAM (last price: $63.90)
Definitely looks like a right Short position is in order here. I would enter Short here under $63.16 with a stop-loss above $64.60 due to the stock trading at a tight sideways channel.

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That's it for today. Have a great one!

To see general results of the algorithm click here.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)

TK

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my About page for a full disclaimer.

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