Wednesday, October 8, 2014

Wednesday's Finalists: GMCR, PLL, DE

Three symbols made it past the early stages of analysis into the finals: the Vermont coffee roaster Keurig Green Mountain Inc. (GMCR), which gave a bull signal on Tuesday, and two bear signals, the New York fluid management engineering company Pall Corp (PLL), and the Illinois heavy equipment maker Deere & Co. (DE).

GMCR dropped back into its 20-day price channel in early training, failing to confirm the bull signal. The open interest on PLL is too sparse for use in constructing a bear position. That leaves DE, a highly liquid stock with high open interest on options, a narrow spread and a bearish chart.

I'll post a full analysis of DE prior to the closing bell.

-- Tim Bovee, Portland, Oregon, Oct. 8, 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.

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