Stock Picks for the Week Beginning May 23

//Stock Picks for the Week Beginning May 23

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            PFCB

CHU           TAP

FL               ASNA

CFN            FSLR

All of these symbols showed recent signals in the Trend Exhaustion 1 tool.

May the trend be with you,

Hawk

Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only.  It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading.  Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor .

2018-01-08T08:55:44+00:00May 22nd, 2011|Hawk's Picks|