Trade Tortoise Like a Hare

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Tortoise Energy Infrastructure Group (TYG), a closed-end equity mutual fund, has been registered by The PPT as having an oversold technical score. Before I get to the statistics, it is also worth noting that the stock closed clearly below its lower daily Bollinger Band. Now, that fact alone is not a reason to get bullish on an oversold stock. However, when you combine that technical analysis with the data below, you will see that going long TYG is a high probability trade here (I currently have no position). After previous times when TYG registered a technical oversold score by The PPT algorithm, the stock has been consistently higher five, seven, and even ten trading sessions out.

Here are the statistics to support that statement.

5 Day – Avg Return	3.45
5 Day – Times Up	7.00
5 Day – Times Down	1.00
5 Day – # Signals	8.00
5 Day – % Times Up	87.50
7 Day – Avg Return	3.86
7 Day – Times Up	8.00
7 Day – Times Down	0.00
7 Day – # Signals	8.00
7 Day – % Times Up	100.00
10 Day – Avg Return	3.58
10 Day – Times Up	8.00
10 Day – Times Down	0.00
10 Day – # Signals	8.00
10 Day – % Times Up	100.00