Stock market backs down – performance of 7 stock picks 2/29/2016

eStockPicks algorithm selected 7 stocks for day trading today: 5 long, 2 short

  • 3 win: $QEP $JCP $RDC
  • 3 even:  $HIMX $BKS $CBL
  • 1 loss: $CMCM

Stock Market closed at: DOW -123, S&P -16, NASDAQ -33.

Symbol: JCP Type: Long Price: $9.82
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Symbol: RDC Type: Long Price: $13.50
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6 Comments

  1. Corey March 1, 2016 at 7:36 am - Reply

    RDC did say to exit from 13.90 – 14.18. It got over 13.90. From my experience, the alerts only sometimes reach the lower exit target but if it does hit the lower, I sell right away unless i see any other reason to sit in. Sometimes i aim to sell at 5 below the lower sell target just to be safe. you just gotta build your own strategy around the alerts.

    • eStockPicks March 1, 2016 at 8:55 am - Reply

      Thank you Corey for the input. Alerts provide ideas with entry, exit and stop levels. Building your own strategy around the stock pick alerts is the perfect way to trade.

  2. Shefali February 29, 2016 at 10:15 pm - Reply

    Don’t know how Is RDC rated as a win. It closed out at $13.32 today however I bought it at $13.51

    • eStockPicks March 1, 2016 at 7:19 am - Reply

      Hi Shefali –

      RDC was alerted at $13.50 and reached up to $14 before retreating back with overall market. You don’t necessarily have to hold the stock till the end of the day. Our day trading alerts can sometimes be used on swing trading by looking at the stock chart over last few days.

      • Shefali March 1, 2016 at 12:14 pm - Reply

        Thanks for your reply. I think I get it. So, it has to be monitored continuously because I missed on the $14 opportunity. Good pointer.

        • Corey March 2, 2016 at 11:45 am - Reply

          Shefali, Have you been able to get a strategy worked out for the alerts? Yesterday had some great opportunities for some good wins.

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