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!

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