Friday's Prospects: Round 2

My second round of analysis produced two finalists, and both were found to be wanting. (See "Friday's Prospects" for a list of the first-round survivors.)

The two potential bull plays were MTDR and PDCO. The former, MTDR, has a bullish chart that appears to be in its final stages, and also has a bearish rating from Zacks. The latter, PDCO, is clearly retracing to the upside during a downtrend.

I won't be trading any symbols off the prospects list today.

References

My shorter-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Disclaimer

Tim Bovee, Private Trader tracks the analysis and 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 decisions for his or her own account, and take responsibility for the consequences.