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!
Here are a few more stocks I like heading into tomorrow.
Take care and good luck!
3 comments:
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.
Sure Bill. And congrats on your great performance!
Thanks. You gave me some good tips.
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