Welcome to Hawk’s Scan Sentry Report. This is Sunday night May 22nd with stock picks for early this week.
The results of last week’s stock picks were buoyed by the 20% profit on the short position of LPHI, with the profits and the losses from the rest of the picks more or less canceling each other out.
This week’s selections include indications from our popular Pullback 23 indicator, our Trend Exhaustion1 Radar tool (with the Use_OB/OS input set to true using OB/OS settings of 50/-50), as well as indications from a tool we are developing which looks for short term signals from extreme overbought or oversold conditions.
So, through the laborious efforts of technical analysis made so much easier by the Arps Scan Sentry tools, I have come up with the following ideas to look at for entry possibilities for short term positions this week. Remember, although stock selection is important, sound money management is the most important key to long term success in these financial markets.
Here are the picks…
(Longs) (Shorts)
IACI Â Â Â Â Â Â PFCB
CHU Â Â Â Â Â Â Â Â TAP
FL Â Â Â Â Â Â Â ASNA
CFN Â Â Â Â Â Â Â FSLR
All of these symbols showed recent signals in the Trend Exhaustion 1 tool.
May the trend be with you,
Hawk
IACI
CHU
FL
CFN
PF
TAP
ASNA
FSLR
