EOM Garden Growing Part III: All-Star B Group REM 8.30.17
Here is another column if planning to jump in and put money to work? You may want to read this first. Check out the chart on current fund flow.
In this part of my “Garden Growing” training, I analyze each All-Star B candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.
Key Points on REM…
1. Trading in a mildly positive correlation (..62) to the SPX
2. Pays a quarterly .095/share dividend
3. Previous pullback was 6.2%
4. Current trading above the 6 EMA
5. Indicators are dropping
6. MACD remains negative
7. CMF is positive
Action Points for Setting Alerts
1. Price closes under the 6 SMA or 10% drop
2. MACD Histogram crosses back under zero-it is there now
3. CMF crosses under zero
4. RSI closes under 30
5. Slow Stochastics crosses under 20
Note the indicator levels when REM made previous runs.
The institutions will have their alerts set for a duplicate scenario. I plan to do the same.
When we receive a Simple Simon Buy Signal, go to the daily chart and confirm another SS Buy Signal before buying.
Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $44.00 entry price.
This would purchase 11 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.
For those wanting to be all in simply allocate all 1K.
When my analysis is complete, I plan to compile all steps into a single PDF document, available exclusively to EOM Members.
If you have questions, please send them to me at email@example.com.
This week, I finalize my analysis of our All-Star B list, to establish entry strategies.
Enjoy your weekend!
David O. England