4/7 Rejected

Here are the stocks showing new signals that I've rejected for various reasons, generally a weak trend, or the signal is counter-trend, or a news surprise, or earnings are looming within the lifespan of the May options.

The list:

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Stalking the Black Swan: Research and Decision Making in a World of Extreme Volatility
Market analyst Kenneth Posner creates a new framework for managing extreme risk based on lessons learned in the recent collapse of capitalist finance.

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• BTU, bull, low adx (14), earnings are near (4/15)
• CKR, bull, news of a take-over offer
• GLW, bear, counter-trend, earnings (4/28), analyst comment
• GS, bull, marginal adx (23), earnings (4/20), widely noticed chart cup-and-handle pattern, a bullish sign. (Although, if everyone knows about it, is it still bullish?)
• IP, bull, low adx (14), earnings (4/29), company announced a price increase in its product line.
• KG, bull, marginal adx (27), earnings (5/11), takeover speculation
• KO, bear, low adx (16), earnings (4/20)
• MS, bull, LOW ADX (15), EARNINGS (4/21)
• PBCT, bull, marginal adx (21), earnings (4/15)
• STP, bull, low adx (18), earnings (5/20), rosy sales forecast for sector
• TSN, bear, earnings (5/10), counter-trend signal
• TXT, bull, low adx (14), earnings (4/22), leveraged buy-out speculation
• VZ, bear, earnings (4/22), CEO rules out a merger with Vodafone

Abbreviation:
adx - Average Directional Index


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