(This post was last modified: 2013-11-02, 06:43 PM by theory6453.)
RE: Watchlist - Traders method
I was browsing the OptionsMonster sub-groups chart the other day and saw that the Education Companies group is up 20% over the last 3 months. As I dug into the group a bit more, I found EDMC. EDMC got pretty battered in 2012 but has made a strong comeback in 2013. If there were a pullback sometime in the next coming weeks, it might be ripe for a move higher on a Stage 2 continuation. The indicators that I look at look positive for this one. The main negative thing that I found was that it is trading below the Bearish Resistance Line on its P&F chart.
Wanted to get some feedback from the group...
I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan