A low annual percentile can be overcome by a high percentile for the most recent range, but MU fails there, as well, with implied volatility in the 33rd percentile of its most recent range.
A price-channel breakout, ABT, has dropped back below the price channel in trading this morning. I'll keep an eye on it during the day but for now, it's not a trade.
See Tuesday's Prospects for last night's screening.
By Tim Bovee, Portland, Oregon, Oct. 4, 2016
by William Mougayar
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.
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