Stock Alert: Three Buys, Three Sells for October 16
Critical analysis by ChartLabPro names today's buys, including Wynn Resorts and Ecolab. Holding F5 Networks and Red Hat? Sell now.
MINYANVILLE ORIGINAL Prepared for Minyanville, ChartLabPro.com has issued the following Buy and Sell rating changes. Buys for October 16 include Wynn Resorts (NASDAQ:WYNN), CarMax (NYSE:KMX), and Ecolab (NYSE:ECL). Sells include F5 Networks (NASDAQ:FFIV), Red Hat (NYSE:RHT), and Titanium Metals (NYSE:TIE).
Ratings are as follows: 1 Strong Sell, 2 Sell, 3 Hold, 4 Buy, and 5 Strong Buy.
ChartLabPro.com 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.
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