Thursday, April 29, 2010

4/29 Watchlist: Stocks

I've added UNP as a new bull signal.

Stocks that showed Parabolic SAR bull signals:
  • * CIEN, 4/26. Person's Proprietary Signal moves into bull mode.
  • PCAR, 4/23. Upward move.
  • UNP, 4/29. New today.
  • WSM, 4/21.
  • XLE, 4/17. I pegged this as a $56 to $60 May iron condor. It is above the max-profit range. The parabolic sar and pps are in bear phase.
  • XRT, 4/22.

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Stocks showing a Parabolic SAR bear signal: None.

Stocks of interest (I wouldn't necessarily trade them):
  • FNM4/13, 4/23. Agnostic. Moves back to the middle of the developing symmetrical triangle pattern.
  • * PALM, 2/26, 4/23. Agnostic. Buyout candidate. Now that the buyout by HPQ for $5.70 a share has been announced, I'm discontinuing Watchlist coverage.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic


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