Another volatile day – stock picks report for 8/26/15

The final hour of trading again is in news. This time the market bounced hard in that hour. DOW closed 600 higher. However, volatility caused very frequent reversals in price action. We had 9 stock picks: 6 Shorts and 3 Longs

  • 5 Wins: GG, RIG, OII, BBY, RAX
  • 2 Break Evens: COG, APA
  • 2 Losses: WY, GRUB

Below are some charts with entries plotted:

Stock Pick: RIG Type: Short Price: $11.70

rig

 

Stock Pick: BBY Type: Long Price: $34.51

bby

 

Stock Pick: RAX Type: Long Price: $30.73

rax

 

2 Comments

  1. David August 26, 2015 at 7:24 pm - Reply

    Does the stock picking algorithm adjust to volatility?

    • eStockPicks August 27, 2015 at 4:47 pm - Reply

      Yes, the algorithm considers volatility and several other market conditions before generating the stock pick. On some days you might find several alerts, and some only a few. The algorithm works in bull, bear and sideways market condition.

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