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Sunday, March 12, 2017

New signals for 3-13-2017 $EQT $IP $SPG

Hi everyone,

For the start of the trading week we have 3 new Sell signals.

Sell signal was given to $EQT (last price: $57.08)

Hopefully if any of you tracked my Buy signal posted on January 24th, you also put a stop-loss where I cautioned support, around the $61.50 level. Since the Buy signal, the stock gained about 3% at most before dropping more than 10% as of last week.
Now it's official, and the stock is a Sell according to my algorithm.
So the stock has been dropping quite sharply lately, but I would expect a short bounce from near support to the top of the channel before further declines can occur.
The odds are not great from this position, so I would not enter a Short right here.

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Sell signal was given to $IP (last price: $50.70)
International Paper stock seems to be wedging down recently, and the pattern is expected to break any day now. My algorithm says Sell, and I think a cautious trade could be profitable here.


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Sell signal was given to $SPG (last price: $168.17)
Simon Property Group just made fresh 52-week lows. This price level was last seen in 2014. Definitely a down-trodden stock!
The UltimateAlgorithm says to Sell here, and a Short may also be in order. Take a stop-loss order above $175, but keep in mind that this may just be a BIG down move, I'm talking about a move that
would last for months until support is found.


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.

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