Sunday, March 18, 2012

Diamond Offshore (DO)

BUY signal the week of 2.21.12 at $67.19. My first stop was $56.84, so my risk (R)/share was $10.35. Closed Friday at $72.43 with a $59.83 stop. My new stop for the coming week is $61.72. The percentage gain on this trade is +7.8%, and the reward-to-risk ratio is +$5.24/$10.35 = +0.51.

History (beginning in 2003):
Winning Trades: 4 | 80.0% | +$19.14/share avg.
Losing Trades: 1 | 20.0% | -$8.33/share avg.
Average Trade: +54.4% | +$13.64/share | Reward-to-Risk (R): +3.30

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