All three symbols had given bull signals.
The last stock standing is the Georgia-based electronic payments processing company Global Payments Inc. (GPN).
The other finalist, the Texas-based electric utility Dynegy Inc. (DYN), has a bearish chart that appears to be in the midst of a relatively near term counter-trend correction, and so I judge it not to be a good prospect.
GPN, on the other hand, has a decidedly bullish chart, with the preset rise pushing the price up to a new high. I'll do a full analysis of GPN and post it prior to the closing bell today.
-- Tim Bovee, Portland, Oregon, Oct. 6, 2014
My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.
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.License
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Based on a work at www.timbovee.com.
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