Turning to shares using my small lots approach, two earnings announcements qualify for trades: MAT and PKG.
Two Stochastic-RSI signals at the upper line also qualify for trades: BAC and BANR.
My experimental small-lots account is almost entirely committed, leaving room for two trades. I shall pick one from each type.
I'm going with MAT for the earnings play. It has the most bullish rank from Zacks Investment Research. The other possibility, PKG, is one Zacks rank below. Both have about the same earnings surprise score.
Among the Stochastic-RSI possibilities, both BAC and BANR have identical second-tier bull rankings from Zacks. However, BANR publishes earnings on Oct. 26. So I'll wait until that time to look at BANR, and I shall trade BAC today.
So MAT and BAC make the grade for me. However, if I had sufficient funds in my small-lots account, I would trade all for.
See Wednesday's Prospects for a list potentials.
By Tim Bovee, Portland, Oregon, Sept. 19, 2016
Todd G. Buchholz
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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