Thursday, November 13, 2014

Thursday's Finalists: FSLR, TEN, APH, CMA.

The Arizona photovoltaic solar module company First Solar Inc. (FSLR) is the sole symbol surviving  my screening of 22 bull and bear signals. (See "Thursday's Prospects".) It broke out to the downside in Wednesday's trading.

Three symbols, all bull signals, made it to the finals in addition to FSLR but were tripped up by their charts today.

APH failed confirmation. TEN and CM have charts that are insufficiently bullish to support a trade.

FSLR's options have open interest ranging from three to five figures with a front-month at-the-money bid/ask spread of under 3%. That makes it sufficiently liquid to trade.

I'll be posting an analysis of FSLR prior to the closing bell.

In addition, I'll be looking at two very short term volatility plays keyed to earnings announcements: AMAT and JWN.

-- Tim Bovee, Portland, Oregon, Nov. 13, 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. My very short term volatility trading rules 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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