1. SHORT the week of 1.28.08 at $57.85 with a $102.22 stop. Yes, $102.22 is correct. High volatility means wide stops in this system, and this stock had an Average True Range (ATR) of 17.28 in the weeks leading up to the initial signal to sell short. Traded as low as $17.25 the week of 11.17.08, then sideways and slowly upwards, finally triggering my $30.17 stop the week of 4.13.09. Gain of 46.9%
2. Reversed to LONG the week of 4.13.09 at $30.70 with a $19.85 stop. Traded as high as $97.61 the week of 1.18.11, but has traded down significantly since an earnings miss in late January, closing last week just barely above its $79.76 stop at $83.02. Gain of 170.4%
2. Reversed to LONG the week of 4.13.09 at $30.70 with a $19.85 stop. Traded as high as $97.61 the week of 1.18.11, but has traded down significantly since an earnings miss in late January, closing last week just barely above its $79.76 stop at $83.02. Gain of 170.4%
Are we going to get a short signal this week?
Scorecard:
Winning Trades: 2 | 100% | $39.74 avg.
Losing Trades: 0 | 0% | $0.00 avg.
Average: $39.74
Winning Trades: 2 | 100% | $39.74 avg.
Losing Trades: 0 | 0% | $0.00 avg.
Average: $39.74
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