Sunday, March 18, 2012

Cimarex Energy (XEC)

BUY signal the week of 2.13.12 at $82.78. My first stop was $61.20, so my risk (R)/share was $21.58. Closed Friday at $81.66 with a $66.07 stop. My new stop for the coming week is $67.55. The percentage loss on this trade is -1.4%, and the reward-to-risk ratio is -$1.12/$21.58 = -0.05.

History (beginning in 2003):
Winning Trades: 3 | 60.0% | +$31.96/share avg.
Losing Trades: 2 | 40.0% | -$2.15/share avg.
Average Trade: +66.5% | +$18.31/share | Reward-to-Risk (R): +2.50

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