We have issued the following Buy and Sell rating changes. Buys for October 19 include Raytheon
(NYSE:RTN), Noble Corporation
(NYSE:NE), and Air Products & Chemicals
(NYSE:APD). Sells include EMC Corporation
(NYSE:EMC), Western Digital
(NASDAQ:WDC), and Xylem
At ChartLabPro.com we always like getting long names that jump from a Hold to a Strong Buy. Statistically speaking, you will see below that year-to-date we had 62 trades that had a rating change from 3 to 5 and the average trade return was 1.62% for a cumulative return of 102%. This is an unbiased statistic, showing all the gains and losses for this rating change year-to-date.
Ratings are as follows: 1 Strong Sell, 2 Sell, 3 Hold, 4 Buy, and 5 Strong Buy.
ChartLabPro.com's algorithm has been in use for 13 years and combines both statistical and quantitative analysis to run institutional money.
The algo uses over 200 indicators that are bucketed into 10 silos and updated at the market close.
These rating changes are best utilized for swing trades to longer-duration trades. The ideal long alert would be a 4 (Buy) to a 5 (Strong Buy) rating. These are not best utilized for day trades.
To learn more about ChartLabPro's algorithm visit www.chartlabpro.com.
No positions in stocks mentioned.
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