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This is a record 7th time MIPS has appeared as an uptrender. It blew by it's target of 11.46 on 10/26. Was a buy at 9.84 on 10/21. Since has hit a high of 15.60.
AUDC is a buy at 5.81, stop 5.52, target +16% of 6.74
Just did a check on performance of 2X uptrenders vs. 3X uptrenders. For all time periods I checked, the 2Xers outnumber the 3Xers at least 2-1 so there are always more candidates.
From 10/28 to 11/24 there were 15, 3X uptrenders and 39, 2X uptrenders.
In calculating those reaching a goal of 16% gain during the same time period, the 2Xers achieved an excellent 44% success rate with 17 of 39 reaching the target.
Amazingly, the 3X uptrenders had a success rate of 80% or 12 of 15 between 10/28 and 11/24.
With these encouraging results I'm certain that the 3Xers are the ones to follow and I'll not track the 2Xers anymore. With the smaller numbers the 3Xers will be easier to follow as well as being more profitable.
Next, Ill caculate the number that dropped 4% into the buy zone as well as those that would have been stopped due to a 5% drop under the buy point.
Today 2 more uptrenders hit target. That makes 26/31 or 83.87%.
SPRD hits at 18.01 (took 28 days) (it has another target of 19.45)
XXIA hits at 17.70 (40 days)
Only 1 negative out of 1st 32 picks. NANO is the turkey of the bunch. I owned it and sold for a loss. Currently holding AUDC, SPRD, and SIMG with gains and EBIX with a 3% loss. EBIX hit target on 11/9 while I must have been taking a nap.
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