DuPont DD - Daily - Lagging S&P500 & quiet in deeply oversold

430 1 15
Du Pont             ( DD             ) is deeply oversold and out of favor, thanks to its heavy cyclical nature and chemical exposure.

I like how the volatility of DD             shares have quieted down over the past few days here, which can signal that the sellers are done with their selling for the time being.

The way to put this trade on is to wait until the DD             starts to outperform SPY             on a given day and THEN put the trade on. It's a simple rule to follow when putting on PAIRS trades.

Remember the old saying: Buy SHEEP, Sell DEER.

(Translates to Buy Cheap, Sell Dear)

"Dear" means when everyone loves something.



4:06PM EST 9/15/2015
Trade closed: target reached: Monster profit here on this trade.

Banking the gain.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
I thought chemicals will only do well if oil price stays low. If everyone has a prediction that oil will be around 60 next year, will DD still make good money in the chemical space? Just looking at my charts, I don't think value people will start buying DD until it reaches around the $40 to $44 level. $42.50 on the 5yr chart if looking for the 1st short term long play. Has DD been trading around the $40 dollar range since 1996 with only one 2:1 split? At this price here at $48 I don't think this stock is on anybody's radar. Even for dividend i bought GE for an industrial instead of DD. XOM,CVX,COP,DO for oil and gas. Building a Standard Oil Rockefeller portfolio. Hehe.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out