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Sunday, February 19, 2017

New signals for 02-21-2017 $HES $SNA $FTI $KR


Hi everyone,

I was supposed to post on Friday before the market open, but couldn't find the time. Hopefully next week will be a bit more manageable and I will resume normal posting conditions😃

For the next trading day we have 2 new Buy signals:

Buy signal was given to $HES (last price: $51.75)
If my algorithm is right, then the risk:reward here is great! I would enter a position on a gap up (above $52) with a stop-loss under $50.


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Buy signal was given to $SNA (last price: $172.57)
Following the stock's Sell signal on February 6th post, the stock did not cave too hard (although it did drop about 2% in the following week, but that could hardly be considered a successful short trade (and I did warn that I had not liked that setup in the first place).
Anyway, now the algorithm has exited the Short position and entered a Long position.
I would actually not enter fully here (maybe a small position), but wait for the stock to go above $176 level and above that big red candle from February 16th.

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On Friday, February 17th, 1 Buy signal was received by my UltimateAlgorithm, however I couldn't find the time to post it, so I'm posting it now (with Friday's closing price as reference off course):

Buy signal was given to $FTI (last price: $32.10)

Upon crossing the resistance line currently going around $32.50, this may turn out to be a great trade.


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That's it for today. I hope to continue post every day (I just gotta find the right time to do it)



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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