StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 2 3 4 5 6 ... 39 >>Post Follow-up
DLB7
43 posts
msg #79035
Ignore DLB7
9/11/2009 10:30:21 AM

Thanks Kevin

Kevin_in_GA
4,546 posts
msg #79064
Ignore Kevin_in_GA
modified
9/11/2009 1:56:50 PM

Just ran the screen after lunch - one stock was identified - AAP (Advanced Auto Parts).

Looks interesting - it had gone far below the lower BB, but has since rebounded (a good sign,in that it probably will not close near its low).

I also looked a little more closely at the 18 stocks that have been identified since I started (those listed on the first post, and CACC, AFL and ITUB which I passed on). In 12 of 18 cases, buying at the END OF THE DAY IT CLOSES BELOW THE LOWER BOLLINGER BAND WAS MORE PROFITABLE.

A 2 out of 3 chance it will be worth more is worth considering.

I guess I'll decide at 3:55 PM today!

UPDATE: I noticed that this has hit the lower BB multiple times over the past year, but had only one instance where it closed above the upper band (on a huge gap up/high volume day that has yet to be repeated). makes me a little more cautious. Also, volume is HEAVY - 6 times normal. May be something wrong here.

Kevin_in_GA
4,546 posts
msg #79068
Ignore Kevin_in_GA
9/11/2009 2:36:37 PM

UNFI comes up as well. Looks good - has done the lower to upper band route three times in the past year, all profitably. Also just got upgraded a few days ago, which seemed to trigger a sharp sell-off. ??

I'll keep this one on the radar - may buy in at the end of the day.

xxcheck
53 posts
msg #79072
Ignore xxcheck
9/11/2009 3:40:43 PM

Hey Kevin.

Looks like they beat the EPS but missed on revenue

United Natural Foods reports Q4 EPS 36c vs. consensus of 35c
Reports Q4 revenue $853.5M vs. consensus of $873.28M. This was back on the 9th not sure if this is already factored in. Otherwise looks good.


Kevin_in_GA
4,546 posts
msg #79074
Ignore Kevin_in_GA
9/11/2009 3:51:44 PM

In on UNFI at $24.36. There is no question it will close below the lower BB today, and it had started moving up from its low, so I crossed my fingers and bought in.

Will add it to the portfolio and update tonight.

Kevin_in_GA
4,546 posts
msg #79076
Ignore Kevin_in_GA
9/11/2009 3:53:01 PM

Thanks, xxcheck! I saw that, but still am not sure why the stock is selling off.

I hate buying on Friday afternoons ... but I did it anyway.

stratiG
147 posts
msg #79078
Ignore stratiG
9/11/2009 4:51:15 PM

eh Kevin,

I have the latest IBD 100 in a watch list and RKT just closed below BB 16-1.5. If you want the latest list, let me
know and I'll e-mail it to you.

stratIG

gaurav
11 posts
msg #79080
Ignore gaurav
9/11/2009 4:56:53 PM

stratig,

Do you mind posting the list here?

Thanks

DLB7
43 posts
msg #79083
Ignore DLB7
9/11/2009 5:31:46 PM

AAP:
Looking at the 1 year weekly chart it's interesting to note that there was a volume surge on earnings on 2/17/09 with a high of $37.97ish.

Because of the volume video that you posted (fantastic, thanks) I drew a horizontal line from the 2/17 high to todays low. It almost matches the low of $38.08. If the volume video is correct this could become a significant support line, be interesting to see.

Kevin_in_GA
4,546 posts
msg #79084
Ignore Kevin_in_GA
9/11/2009 5:59:20 PM

eh Kevin,

I have the latest IBD 100 in a watch list and RKT just closed below BB 16-1.5. If you want the latest list, let me
know and I'll e-mail it to you.

stratIG
+++++++++++++++++++++++++++++++++++++++

No need, I used one from about two weeks ago as part of the 458 stocks on the 3 watchlists. Most likely that all of this week's stock are in there already.

As to using 1.5 SD instead of 2.5 SD, I will post a comparison of the two systems in a few minutes from the optimization program I have been using. It will compare all 458 stocks including transaction costs over the last year for both systems.

StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 2 3 4 5 6 ... 39 >>Post Follow-up

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