11/2/2011 Pre-Market Alert --(RE-CAP)
Please read below to see our pre-market set ups and picks. Pantheon Traders incorporates a short-term trading strategy we coined the “Controlled Bounce”. This strategy is implemented by executing trades in stocks that have seen a market anomaly in their share price. We have found that historically a 25-30% next day reversal is more often than not the norm on a stock that has been the recipient of either a positive or negative percentage change of more than 11% intra-day. In order for this reversal to be confirmed to trade, the individual issue’s volume must exceed 2(x) average trading volume prior to the market close with a stochastic crossover above 20.00.
The following are the individual issues we identified for trading on 11/2/2011:
11/2/2011 at 11:00pm.
With regard to our first trade, we felt the stock was confirming a stochastic crossover above 20. When the move was not confirmed, we followed our tight stop loss then flipped sides on the trade and went short for an .80 move with a net .70 gain.
TARGET ENTRY/EXIT
Symbol: CECO Trade: Long Entry Price: $9.11 Exit Price: $9.60 Stop Loss: $9.01 ACTUAL
STOPPED OUT
Symbol: CECO Trade: Long Entry Price: $ 9.11Exit Price: $9.01 Stop Loss: $9.01 ACTUAL
FLIPPED SHORT
Symbol: CECO Trade: Short Entry Price: $ 9.00 Exit Price: $8.20Stop Loss: $9.10FLIPPED SHORT
