Monday, April 2, 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 $75.47 with a $66.74 stop. My new stop for the coming week is $67.24. The percentage loss on this trade is -8.8%, and the reward-to-risk ratio is -$7.31/$21.58 = -0.34.

History (beginning in 2003):
Winning Trades: 3 | 60.0% | +$31.96/share avg.
Losing Trades: 2 | 40.0% | -$5.25/share avg.
Average Trade: +65.0% | +$17.08/share | Reward-to-Risk (R): +2.45

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