Cooper 1-2-3-4 picks for the week

[Karel]

Thanks, Dave! And am I right that your ticks are about 6c? (http://www.investopedia.com/terms/t/tick.asp)

Regards,

Karel

[DSteckler]

Close enough, Karel. I use nickles since it's easier to keep track in my mind.

[DSteckler]

Ccj

Assuming today CCJ makes a lower low than yesterday, it will be Day 1 of a Cooper 1-2-3-4 pullback.

[dmk112]

Dave, How does REGN look to you?

[DSteckler]

REGN was a 1-2-3-4 pullback candidate. It successfully broke out today when it traded above Tuesday's high.

[DSteckler]

No selections for this week

The scan turned up nothing with an RS >= 95.

[dmk112]

SUF worked today

GIL setting up also...

That RS filter will keep you out of alot of trending stocks. IMO.. .Just because RS is not greater that 95, I don't think it's not trending.

BTW where do you get the RS values from?

[DSteckler]

<< BTW where do you get the RS values from? >>

From HGSI software. You could use IBD/DG as well.

The idea of using RS >=95 isn't to look for trending stocks per se, it's to look for stocks that when they start moving again after a 3- 4 day pullback, will move sharply. Remember, the average trade in this strategy is only held 3 - 5 days so it has to make a nice move to make it worthwhile.

[ParkTwain]

Depends of course on what time period is used to compute the RS measure. The fewer days into the past that are used, the better for your purposes. That's why I find IBD's RS measure to be pretty useless.

[dmk112]

<< BTW where do you get the RS values from? >>

From HGSI software. You could use IBD/DG as well.

The idea of using RS >=95 isn't to look for trending stocks per se, it's to look for stocks that when they start moving again after a 3- 4 day pullback, will move sharply. Remember, the average trade in this strategy is only held 3 - 5 days so it has to make a nice move to make it worthwhile.

Can you look up SUF's RS for me?

[DSteckler]

No RS rank on SUF. It's too new, having IPOed in October. The RS rank measures price change over the past 12 months.

[dmk112]

OH ok, thanks anyway.

[DSteckler]

CNTF - candidate that's flagged

A buddy brought to my attention CNTF, which has formed a flag. Has pulled back for three days and has a RS rank = 96. The buy price will be tommorrow coming through today's high.