The DP Tracker reports are full of information on a variety of stocks and ETFs. Here is a link to a blog with more information on DP Trackers and how to find and use them.
I took at look at Friday's DP 152 Blue Chip Tracker Report to find what stocks had gone on PMO crossover BUY signals. What is helpful about this report, especially the signal table portion, is if you find a stock with an interesting signal or strength ranking, you simply click on it to bring up the chart of that stock, ETF or mutual fund. Below is an excerpt of the PMO Crossover Signals table from the 152 Blue Chip Tracker. I'll pull up the five charts with new PMO BUY signals and give you my view of what the "Pluses" and "Minuses" are regarding those charts. I encourage you to visit the DP Trackers blog and try using a similar screening process to find candidates for review and possible action in our other DP Tracker reports.
PMO CROSSOVER SIGNALS
The PMO generates a BUY or SELL Signals when it crosses up or down through
its 10EMA. These signals tend to be short-term in duration, but they can
last for several weeks. Do not take them at face value because they can
whipsaw quite a bit. They should be used to alert you to possible trading
opportunities not used as a mechanical trading model. Always check our daily
stock charts to verify the price pattern and the configuration of the PMO.
Signals are best when price appears extended, is near support or resistance,
SUMMARY OF PMO CROSSOVER SIGNALS
DP152 DP152
BUY SELL
Total Signals...: 101 51
% of Total......: 66% 34%
Ave Days Elapsed: 17 18
Ave High Profit.: +4% +2%
Ave Profit......: +3% 0%
05/30 Cal
Close % Days High Today PMO
Name/Symbol Price Change Signl Elap P/L P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
Altria Group MO 41.56 +0.6% BUY 0 0.0% -3.4% R 1
CenterPoint Ener CNP 24.12 +0.2% BUY 0 0.0% -0.5% R 8
GATX Corp GMT 65.85 +0.8% BUY 0 0.0% -1.2% R 2
Raytheon RTN 97.57 +0.6% BUY 0 0.0% -1.6% R 7
Schlumberger SLB 104.04 +0.2% BUY 0 0.0% -3.2% R 1
Devon Energy DVN 73.90 0.0% BUY 1 0.0% 0.0% R 3
FirstEnergy Corp FE 33.82 +1.0% BUY 1 1.0% 1.0% R 3
General Motors GM 34.58 +0.4% BUY 1 0.4% 0.4% R 3
Honeywell Intl HON 93.15 +0.3% BUY 1 0.3% 0.3% R 7
Intel INTC 27.32 +1.3% BUY 1 1.3% 1.3% R 3
Merck MRK 57.86 +0.3% BUY 1 0.3% 0.3% R 1
Happy Charting!
Erin
