Estimates for 2019 earnings rose 0.4% over the past two months, reflecting optimism.
This positive trend reinforces the expectation of near term performance.
Company Growth Strategies:
Operational excellence, product innovation, portfolio management and acquisitions which are major growth engines.
According to reports, the main part of those strategies are...
ROCK looks very good fallen angel formation from moneyflow standpoint. However we would like it to pullback for ideal entry.
It could continue much higher, as a bump & run formation.
* Trade Criteria *
Date First Found- June 8, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Pull back to $33.13
Exit Target Criteria- $37.23
I should have followed up on this pair trade but felt it might be too risky due to the election results.
Having been out of the trade since my last post, I decided to reenter on the 11th of nov. at the closed based on the break of the 1.75 level as seen on the renko chart. I shorted 100 shares of ROCK and purchased 167 shares of X. On the 6th of Dec. at the...