Long Fiserv @ 215.38 - You do NOT want to miss this one!C'mon, look at that chart. It's the chart equivalent of a cute puppy.
How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful.
And for me, it's only given a buy signal 12 times in the last year before today (because it doesn't correct hardly ever). Unsurprisingly, all 12 have been profitable. In that time, the average gain has been 1.27% and the average holding period was LESS THAN 2 DAYS (the LONGEST trade in the last 12 months lasted 7 trading days - but it was also the biggest win). That works out to a stellar .66% per day held this year - about 15x better than the S&P 500 average daily return.
Over a longer time frame, I have a ranking system that factors in gain per day held, total number of trades (sample size), largest drawdown (based on how I trade) and average number of days held per trade. Out of roughly 750 stocks with market caps above 10B, it has the 4th best composite score. It is both very profitable, very safe, and produces quick returns, historically. For comparison, the only stock I've posted on here as a trade idea that has a better lifetime composite score than VIE:FISV is $MSFT. That's some pretty good company when you think about how well NASDAQ:MSFT has done over its lifetime.
So obviously, I went long today at the close. Per my usual strategy, I'll add at the close on any day it is still rated a 'buy" by my algo, and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
