On
our NYSE Trades page, we show daily examples of
how to use chart patterns to confirm candidates
and how to use them to manage a trade to completion.
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Symbol:THO Name:Thor Industries Inc Confirming Pattern:(None) Entry Date:11/4/04 Entry Price:30.5 Last Price:37.77 Gain/Loss:+24% Profit Target:41 Stop Loss:35 Notes:No notes available
Symbol:DP Name:Diagnostic Products Corp Confirming Pattern:(None) Entry Date:11/2/04 Entry Price:45 Last Price:53.4 Gain/Loss:+19% Profit Target:57 Stop Loss:50 Notes:No notes available
Symbol:MMR Name:Mcmoran Exploration Co Confirming Pattern:(None) Entry Date:11/30/04 Entry Price:15.75 Last Price:17.8 Gain/Loss:+13% Profit Target:19.25 Stop Loss:16.5 Notes:No notes available
Symbol:MER Name:Merrill Lynch & Co Confirming Pattern:(None) Entry Date:11/2/04 Entry Price:55 Last Price:61.03 Gain/Loss:+11% Profit Target:65 Stop Loss:58 Notes:No notes available
Symbol:HMA Name:Health Management Assoc Confirming Pattern:(None) Entry Date:11/5/04 Entry Price:21.5 Last Price:22.77 Gain/Loss:+6% Profit Target:25 Stop Loss:22.25 Notes:No notes available
Symbol:PNX Name:Phoenix Companies Confirming Pattern:(None) Entry Date:11/24/04 Entry Price:11.65 Last Price:12.25 Gain/Loss:+5% Profit Target:14 Stop Loss:11.65 Notes:No notes available
Symbol:WON Name:Westwood One Inc Confirming Pattern:Resistance Consolidation
Entry Date:12/9/04 Entry Price:24.75 Last Price:25.8 Gain/Loss:+4% Profit Target:32 Stop Loss:24.5 Notes:No notes available
Symbol:GTK Name:Gtech Holdings Corp Confirming Pattern:Consolidation
Entry Date:12/14/04 Entry Price:27 Last Price:27.75 Gain/Loss:+3% Profit Target:32 Stop Loss:26.5 Notes:No notes available
Symbol:OSI Name:Outback Steakhouse Inc Confirming Pattern:(None) Entry Date:11/26/04 Entry Price:43.5 Last Price:44.56 Gain/Loss:+2% Profit Target:50 Stop Loss:42.5 Notes:No notes available
Symbol:PGN Name:Progress Energy Confirming Pattern:Resistance
Entry Date:12/15/04 Entry Price:45 Last Price:45.43 Gain/Loss:+1% Profit Target:48 Stop Loss:44.5 Notes:No notes available
Symbol:SYY Name:Sysco Corp Confirming Pattern:Consolidation
Entry Date:12/10/04 Entry Price:32.75 Last Price:33.67 Gain/Loss:-3% Profit Target:26 Stop Loss:34.5 Notes:No notes available
Symbol:BMY Name:Bristol-myers Squibb Co Confirming Pattern:Consolidation
Entry Date:N/A Entry Price:0 Last Price:0 Gain/Loss:0% Profit Target:28 (10.9%) Stop Loss:24.25 (4.0%) Reward:Risk Ratio:2.8 Notes:No notes available
Symbol:TVL Name:Lin Tv Corp Confirming Pattern:Trendline Break Consolidation
Entry Date:N/A Entry Price:0 Last Price:0 Gain/Loss:0% Profit Target:24 (21.5%) Stop Loss:19 (3.8%) Reward:Risk Ratio:5.7 Notes:No notes available
Updated 12/15 for Thursday's market.
BMY
is a good long candidate as it breaks out of a symmetrical triangle
pattern. These patterns are typically result in a move in the direction
of the previous trend, but a break in either direction presents a good
medium to long term opportunity. The breakout move comes on heavy
volume for additional confirmation.
Date -
Date the symbol was added to the Watchlist.
Entry -
Price to enter trade at.
Reward:Risk -
The ratio of potential reward relative to
potential risk. Click here for
more information.
BMY
is a good long candidate as it breaks out of a symmetrical triangle
pattern. These patterns are typically result in a move in the direction
of the previous trend, but a break in either direction presents a good
medium to long term opportunity. The breakout move comes on heavy
volume for additional confirmation.
