With the market just coming off an oversold signal, let’s take a look at our 5 day hold oversold screen. The following are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period:
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If you sense a bounce coming, these are the names to stalk. My favorites include: VMW, AMZN, & RRC
PPT members can bookmark this screen HERE. Good luck traders.
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Starter position taken in RRC a few days ago … looking to add moar!
I want some.
I held YOKU and am getting my just deserts today … Cheers!
PS: Followed OA into LULU today with a few Sept calls as well.
Watching TCK for that gap fill at 22.90 but the 50dma seems to be holding.
Any thoughts on that … wait, add now or move on?
not bad on TCK. Easy to manage with stop under today’s low. Worth a shot here.
FYI: CHUY looks like a double bottom is in and bull flag in process. Watchlist it!
love the flag here on the 20 day MA. Again, easy to manage with tight stop.
Nice finds.
Added CREE looking to make a charge past the 100 and onto the 200dma … we’ll see.