Pages

Thursday, February 23, 2017

New signals for 02-23-2017 $PAYX $BHI

Hi everyone,

For today we have one new Buy signal and one Sell signal:

Buy signal was given to $PAYX (last price: $59.60)
I'm not thrilled about this setup, the stock has climbed around 3.5% in the past week and a half. So this one is running hot, and it could continue climbing higher, but the risk:reward is not amazing.
I would enter a Long position on a small pullback (around $58.80).

*****************************************

Sell signal was given to $BHI (last price: $44.33)
Baker Hughes has been on a bearish wedge lately.
Once broken this can be a very nice position to trade Short.
Enter Short below $60 with a stop-loss above $62.15. My price-target for a drop is around $54.07 which implies over 10% drop.


*****************************************

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.

No comments:

Post a Comment