UPDATE: 11/6
SIGNAL: TRADE CLOSED
The algorithm closed its short trade with BCR for 1.24% profit, however the historical patterns appear to be morphing as large funds rebalance their portfolios. Algorithm is now flat on BCR with no positions.
— UPDATE: 10/30
SIGNAL: SHORT
The algorithm closed the long position for 15.74% profit and went short. The historical trading pattern is strong with this stock so we are taking the short position with an entry at $139.94.
— 10/11/2013:
Symbol: BCR (NYSE)
Signal: LONG
New LONG signal on BCR, which found its way to the bottom of that year-long uptrending channel and has rebounded upwards with authority on news out of DC. We continue to use the profitable trading pattern detected previously which goes back to 3/09/13.
Related analysis supporting position:
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- Click image to enlarge
9/17/2013
Symbol: BCR (NYSE)
Signal: SHORT
New SHORT signal on BCR, which has reached the top of a year-long uptrending channel. We are noticing sell signals on a number of healthcare services/device companies which have enjoyed hefty gains, so this is likely a corrective move on an over-done sector. Profitable trading pattern goes back to 3/09/13.
Related analysis supporting position:
Click image to enlarge