Sunday, November 7, 2010

Chart of the Day

Today's Chart of the Day is PTEN. Been consolidating nicely recently and has pulled back to support at MA(20). A stop below MA(20) should do the trick, so the risk/reward ratio looks nice here.

However, the reason I actually like this stock is the weekly. It has finally made a move above MA(200) and has been consolidating over it nicely during the last three weeks. As always, it being earnings season, be sure to check on what a stock is reporting before getting into it!

Take care and good luck!


Bill said...

Hey positiontrader thanks again for the posts. I would very much be interested in a year end post at some point highlighting your own personal investing triumphs and failures for this year and your overall % of gains or losses for the year. Nothing specific monetarily speaking just percentage-wise. I have gained %82 ytd mostly on mid-term options trading (both puts and calls) and few long term stock buys. Thanks again.

positiontrader said...

Sure Bill. And congrats on your great performance!

Bill said...

Thanks. You gave me some good tips.