Please read the post below if looking for more background on the TreadingScreen:
TreadingScreen Results (CW28)
A total of 26 tickers were output this week.
The highlighting below indicate the charts that initially caught my eye. Not an endorsement to buy, but I have my shortlist for further investigation (e.g., - detailed chart analysis, company financials).
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TreadingScreen Performance (CW27)
NOTE: In an effort to keep things simple, the performance summary template is changing. The “open → high/low” scenarios tracked in previous weeks quantified the potential of intra-week buying/selling, however, this is not the objective of the TreadingScreen tickers. The intended holding period for this swing trade strategy is 2 - 8weeks.
The new format for tracking the 1week performance is shown below. The line-graph displays the closing price performance of individual tickers throughout the week. Friday’s data (i.e., - the 1 week closing price) is what is summarized in the boxplox at the right. In the event of many tickers, the boxplot offers an efficient summary of the 1-week performance (avoiding an over-crowded line-graph).
TreadingSelect Updates
ADC 0.00%↑ was bought and sold this past week for a 4.8% gain.
Below is how I interpreted the chart. It first appeared on my screen after breaking through the resistance level (red box) a few weeks ago. With the price on a strong uptrend on increasing volume, I targeted a dip buy near the previous resistance level. The setup is still intact and on watch if the price dips near ~$71.25!
The current TreadingSelect holdings are below. The percentages indicate the mix of invested capital (not adjusted for cash positions):
LYB 0.00%↑: Still bitter about this one (mistake with stop-loss order) and may hold through upcoming earnings hoping for a pop.
VST 0.00%↑: Was looking to exit as it broke through the 30wk EMA, but it may be forming a double bottom near the 40wk SMA shown below.
LU 0.00%↑: This was a setup that showed up when I was making changes to the search criteria. Small buy for the purpose of monitoring… has not worked out well so far, but currently near trend support.
Watchlist Changes:
$ADC, $DOX, $PGR, +$CI, $IBM, $MRK… ($AMGN)
Disclosure: The article expresses the author's own opinions. The information presented is for informational purposes only and should not be construed as financial advice or recommendation to buy or sell any stock. The author is not a financial advisor and encourages all readers to do further research and due diligence before investing.
Additional info:
https://twitter.com/TreadingStocks/status/1548799226657775616?s=20&t=P9Lx63MZvG-NgDATDLFu0A