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.


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.


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.
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