Monday, December 8, 2014

Monday's Finalists: ULTA, ROC, MNK, KORS

Of the three symbols, all bull signals, that survived the early rounds of analysis (see "Monday's Prospects"), each had a different fate.

One, ULTA, failed confirmation by falling back within its 20-day price channel.

The second, ROC, has a three-year daily chart that is insufficiently bullish to support a trade. It gave a signal during an upward retracement but has not demonstrated that it is in an uptrend.

The third, MNK, is the symbol of Dublin, Ireland pharmacy house Mallinckrodt PLC, and I shall post a full analysis prior to the closing bell today.

A fourth symbol, KORS, from my list of innovative companies will also be in the queue for further analysis. If I don't have time for KORS today, then I'll consider it at a laster time.

The three symbols on my calendar as potential volatility pays keyed to earnings -- HRB, HDS and UTIW -- all failed to make the grade for further analysis, and all for the same reasons: Their implied volatility stood below the 60th percentile of the prior rise, and their bid/ask spreads on front-month at-the-money options were in the double digits.

-- Tim Bovee, Portland, Oregon, Dec. 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. My 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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