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.


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.


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.


To see general results of the algorithm click here.
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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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