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Do You Like To Trade ?
Posted on 01/26/2007 12:35 PM | Link | Post Comment
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Here are three stocks that have traded within a predictable trading range. Given that oil prices may trade sideways (pending no blow-up in the Middle East) for a while ($50-$60/bbl), traders have the potential to make some nice gains by trading a few stocks.
Conoco-Phillips (COP): I am expecting COP to break-out above of its current trading range sometime in 2007 because of additional stock buybacks, but until the stock establishes a new trading range, we can trade the current one.
Conoco-Phillips (COP) Jan 06-Jan 07:
Buy Target: $60-$63
Sell Target: $$70-$73
Quick Trade: $60-63/ Sell $65-$68
Below $60: 7 times in 13 months
Below $63: 10 times in 13 months
Above $65: 11 times in 13 months
Above $70: 4 times in 13 months
Above 73: 1 time in 13 months
** On a break above $73, the new trading range for 2007 will probably be $65-$75.
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Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]











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