Buying idea REG with stop at 5.85REG has build a nice base after hitting all time high! with overall mkt positivity this trend could continue. will test this theory by keeping decent stop. low value share so expect larger volatility.
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REG trade ideas
REG Correlation buyEarlier this year Japara health care (JHC, bottom chart) had a take over bid, pushing the stock to higher prices, outperforming REG. The stock is typically highly correlated, and with the deviation from the mean I'm looking for a return back to the mean. I will be going long REG and potentially taking a short on JHC for a reversion.
