It is a range bound action | stockbee

5/21/2014

It is a range bound action



It is a range bound action

Bullish bunces do not get much traction and bearish bounces do not get much traction.

Bullish days are followed by sell off do not follow through.

For this kind of situation anticipation setups are better and having shorter profit targets is better.

Eventually the range will break but till then anticipation is best strategy both on long and shorts.

Bullish breakout anticipation list

SEM
CLH
AHL
GMCR
ENDP
STRL
ZBRA
DLR
COP
SBAC
STKL
PPO
WWAV
ATRC
FXEN
PPC
BBW
DYN
RDNT

Bearish anticipation list
 
CP
GOGO
CF
OMCL
BX
NSC
PRXL
TSLA

There may not be opportunities for explosive profits, but there are opportunities for swing trades like these:

SymbolDateEntryExitDateAvgProfit
PCLN5/19/20141136.581157.935/20/20141.88%
GOOGL 0620 C5155/19/201420.429.055/20/201442.40%
XLU(short)5/19/201441.7641.695/20/20140.17%
ZBRA5/19/201472.371.475/20/2014-1.15%
ERX(short)5/15/2014105.96103.365/15/20142.36%
AAPL 0714 C6005/15/201414.4520.25/20/201439.79%
TNA5/15/201463.163.95/20/20141.27%

No comments: