DLB7
43 posts
msg #79035
- Ignore DLB7 |
9/11/2009 10:30:21 AM
Thanks Kevin
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Kevin_in_GA
4,599 posts
msg #79064
- Ignore Kevin_in_GA
modified |
9/11/2009 1:56:50 PM
Just ran the screen after lunch - one stock was identified - AAP (Advanced Auto Parts).
Looks interesting - it had gone far below the lower BB, but has since rebounded (a good sign,in that it probably will not close near its low).
I also looked a little more closely at the 18 stocks that have been identified since I started (those listed on the first post, and CACC, AFL and ITUB which I passed on). In 12 of 18 cases, buying at the END OF THE DAY IT CLOSES BELOW THE LOWER BOLLINGER BAND WAS MORE PROFITABLE.
A 2 out of 3 chance it will be worth more is worth considering.
I guess I'll decide at 3:55 PM today!
UPDATE: I noticed that this has hit the lower BB multiple times over the past year, but had only one instance where it closed above the upper band (on a huge gap up/high volume day that has yet to be repeated). makes me a little more cautious. Also, volume is HEAVY - 6 times normal. May be something wrong here.
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Kevin_in_GA
4,599 posts
msg #79068
- Ignore Kevin_in_GA |
9/11/2009 2:36:37 PM
UNFI comes up as well. Looks good - has done the lower to upper band route three times in the past year, all profitably. Also just got upgraded a few days ago, which seemed to trigger a sharp sell-off. ??
I'll keep this one on the radar - may buy in at the end of the day.
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xxcheck
53 posts
msg #79072
- Ignore xxcheck |
9/11/2009 3:40:43 PM
Hey Kevin.
Looks like they beat the EPS but missed on revenue
United Natural Foods reports Q4 EPS 36c vs. consensus of 35c
Reports Q4 revenue $853.5M vs. consensus of $873.28M. This was back on the 9th not sure if this is already factored in. Otherwise looks good.
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Kevin_in_GA
4,599 posts
msg #79074
- Ignore Kevin_in_GA |
9/11/2009 3:51:44 PM
In on UNFI at $24.36. There is no question it will close below the lower BB today, and it had started moving up from its low, so I crossed my fingers and bought in.
Will add it to the portfolio and update tonight.
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Kevin_in_GA
4,599 posts
msg #79076
- Ignore Kevin_in_GA |
9/11/2009 3:53:01 PM
Thanks, xxcheck! I saw that, but still am not sure why the stock is selling off.
I hate buying on Friday afternoons ... but I did it anyway.
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stratiG
147 posts
msg #79078
- Ignore stratiG |
9/11/2009 4:51:15 PM
eh Kevin,
I have the latest IBD 100 in a watch list and RKT just closed below BB 16-1.5. If you want the latest list, let me
know and I'll e-mail it to you.
stratIG
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gaurav
11 posts
msg #79080
- Ignore gaurav |
9/11/2009 4:56:53 PM
stratig,
Do you mind posting the list here?
Thanks
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DLB7
43 posts
msg #79083
- Ignore DLB7 |
9/11/2009 5:31:46 PM
AAP:
Looking at the 1 year weekly chart it's interesting to note that there was a volume surge on earnings on 2/17/09 with a high of $37.97ish.
Because of the volume video that you posted (fantastic, thanks) I drew a horizontal line from the 2/17 high to todays low. It almost matches the low of $38.08. If the volume video is correct this could become a significant support line, be interesting to see.
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Kevin_in_GA
4,599 posts
msg #79084
- Ignore Kevin_in_GA |
9/11/2009 5:59:20 PM
eh Kevin,
I have the latest IBD 100 in a watch list and RKT just closed below BB 16-1.5. If you want the latest list, let me
know and I'll e-mail it to you.
stratIG
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No need, I used one from about two weeks ago as part of the 458 stocks on the 3 watchlists. Most likely that all of this week's stock are in there already.
As to using 1.5 SD instead of 2.5 SD, I will post a comparison of the two systems in a few minutes from the optimization program I have been using. It will compare all 458 stocks including transaction costs over the last year for both systems.
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