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Meanreversion

DEO, NYSE due for meanreversion LONGDiageo Plc had a nice gap down 2 January that moved the stock into oversold territory based on Quant based approach that I have used for a very long time. I have traded US stocks under certain criteria with live recommendations since last January 2014 and until late autumn with fantastic results that I will publish here shortly. The approach is simple and based on testing from both ETFs and especially SPY back many years to get the quant basis for this setups. I will also publish these results shortly. Today this stock is one of the promising candidates. I recommend going long on the stock primarily on the close we had on 2 january. But often you will get even better setups going in the following day. You can either enter market (regardless if price gaps up or down or opens at Fridays close. I have tracked the results with best results going long the following day of the signal on daily setup with either enter at yesterdays close or better or preferably at a limit 1% below the setup bar. Stop and target is dynamic. That means I have both stoploss and target at CLOSE above 5 MA on daily. If you would like a faster partial exit you have multiple choices for that. I suggest if you want to use partial exit to look for exit on close above 50 CRSI or 70 CRSI. My prior setups that I have logged have all been based on exit on 5 MA. I have already posted several of these setups already. I have to add that some of the earlier published setups have not has as strict filter setups as this one that is based on my proven system. SETUP: Long at 112,24 or better OR Limit 1% below 112,24 Stop 5 MA Target 5 MA ( Optional: Partial exit @close above 50 CRSI or 70 CRSI) REACHED TARGET: Another winner 8 January.
NYSE:DEOLong
by MajorHunter
1
PRO-ASSURANCE with large gap openingPRA has had a big gap down that opens for a mean reversion towards my standard target for these setups at 5 MA at daily. If you would like a secondary target that normally gets you in security a bit earlier you can scale out with some of your posistion at Connors RSI reading with close above 70 on the daily. Stop and target is dynamic at 5 MA as use of stop lessens the edge of these setups. PS: SAME SETUP SIGNAL IS GIVEN IN FOLLOWING TICKERS AT NYSE FROM YESTERDAYS CLOSE (OR MARKET): PMT, NRZ, TWO. CHMI, ANH Look for an textbook setup I had some days ago with Winnebago with nice P/L (see link)
NYSE:PRALong
by MajorHunter