Two of the prospects, OCLR and SORL, have bullish Stochastic-RSI indicators and remain candidates for trading.
I'm declining to trade AOS, my prospective trade based on a price channel breakout. It isn't showing followthrough to the upside this morning, and moreover, it's stock will split 2:1 in about a week, probably putting an end to the upside momentum.
See Wednesday's Prospects for more.
By Tim Bovee, Portland, Oregon, Sept. 27, 2016
Expanded Edition by Fernando and Leandro Oliveira |
References
Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.
Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended for trading on a commission-free platform such as Robinhood Financial. See my initial post on the strategy here.
I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.
Alerts
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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 decision decisions for his or her own account, and take responsibility for the consequences.License
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.
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