| trend | sto | sto zone | pps | psar | macd | macd trend | ma20 | ma200 | |
|---|---|---|---|---|---|---|---|---|---|
| LO $80.55 |
On Wednesday I wrote of LO, "I like it best best on a retracement below 80.76, which is 1% above the 20-day moving average. But I'd take it on a push above the $83.03 high."
The break to within 1% of the 20-day moving average has happened, meeting my initial criteria. However, some words to live by: Don't buy into a falling stock. It will ruin your week.
So, for my own account, I would open a bull position on LO upon one of these events: 1) A move back above 1% from the 20-day moving average, 2) a decisive bull phase from the fast stochastic, or 3) a whipsaw back to bull phase on Person's Proprietary Signal.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
Abbreviations:
- pps - Person's Proprietary Signal.
- psar - Parabolic Stop and Reverse
- ma20 - 20-day moving average
- ma200 - 200-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways.
- sto: green for bull, red for bear.
- sto zone: green for overbought (80+), red for oversold (20-), yellow for neutral zone
- psar, pps, macd: green for bull mode, red for bear.
- macd trend: green for rising, yellow for sideways, red for falling. neutral.
- ma20, ma200: green for above the average by more than 1%, red for below the average by more than 1%, yellow for within 1% either side of the average.
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