Tim Bovee, Private Trader: Wednesday's Finalists: AMGN, KRC, ZBRA, CMS, GLPI, NVO, PVH, DG

Wednesday, December 3, 2014

Wednesday's Finalists: AMGN, KRC, ZBRA, CMS, GLPI, NVO, PVH, DG

Of the five symbols that made it past the early rounds of analysis (see "Wednesday's Prospects"):

One failed confirmation by moving back within its 20-day price channel: AMGN
Three had insufficient open interest to support a leveraged and hedged trade: KRC, ZBRA, CMS
One had an overly wide bid/ask spread: GLPI.

The one prospect from my list of innovative companies, NVO, failed confirmation. It last ended a month below its 12-month moving average in October 2013 and so also fails to qualify for a trade under my longer-term rules.

No symbols having made it past the finish line, I intend no trades or further analysis of prospects from Tuesday's markets.

I posted an analysis of two candidates for very short term volatility trades keyed to earnings, PVH and DG, before the opening bell and have taken the trades. See "PVH, DG: Volatility plays".

-- Tim Bovee, Portland, Oregon, Dec. 3, 2014

References

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

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