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Thursday, February 9, 2017

New signals for 02-09-2017 $STT $WU $IPG

For today we have 2 new Buy signals (of past Sells) and 1 new Sell signal:

Buy signal was given to $STT (last price: $77.50)
Following a Sell signal for $STT on January 31st, State Street failed to fall off the virtual cliff and is currently on Buy status by my algorithm.
I would enter a position in case this trading session ends on a positive note, since that would mean the trend downwards was broken.

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Buy signal was given to $WU (last price: $19.98)
Following a Sell signal for WU on January 27th, the stock did not drop as anticipated.
Today the algorithm suggests getting rid of your Short and enter a Long position.
Risk:reward here looks pretty attractive.

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Sell signal was given to $IPG (last price: $19.98)
The risk:reward here does not seem too attractive. Stop-loss around $23.96, with a price target of at least $21.84 puts the risk:reward at 1.33. PASS.

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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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