Wednesday's Outcomes: KO, NGG

KO moved above its 20-day price channel and I've removed it from the Roll Shelf, where it has been languishing awaiting a chance to be rolled into a fresh bear play. See my entry analysis, "KO: Bearish on Coke",  for details and results.

I analyzed NGG from among today's prospects but declined to take the bull play. See my analysis, "NGG: Whipsaw candidate".

References

My 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 decision decisions for his or her own account, and take responsibility for the consequences.