Category: Stocks

Piraeus Bank: Stock reaction on news of taking over banks of Cyprus

When news about Piraeus bank set to take over Greek units of Laiki and Bank of Cyprus made the headlines this morning, the bank’s stock was trading for 20c per share. In the last three hours of trading at the Greek stock market Piraeus bank shares surged up to 24.4c before completing their last trade…

Should I buy Apple stock?

I hear you asking: Should I buy Apple stock now or wait for the price to come down? In fact Apple share price has already dropped significantly since the all-time high of $700. Apple stock was trading yesterday for about $430 a share. Thus, some traders might consider that price tag somewhat cheap for an…

Short sell stock picks: Transocean and Cohen & Steers

An international provider of contract drilling services, Transocean, and an investment management firm, Cohen & Steers, are the two stocks that the Three Line Price Break trading system is advising to sell short. Transocean share price dropped 5.13% on Friday, setting the RIG stock as the biggest loser of the day in the Oil Well…

Three Line Price Break stock pick: Coherent (COHR)

Since picking Dolby and Arch Capital stocks for long trades, today Three Line Price Break trading system suggests short-selling Coherent stock in case COHR shares trade below yesterday’s low at $52.57. The signal includes a red candle printing a new 4-day low, following three green successive candles in the box chart. If the signal is…

Three Line Price Break stock picks: DLB, ACGL

Dolby Laboratories stock had already formed a three line price break prior to Tuesday’s trading session at the US stock market. As the DLB share price overcame the previous high, an entry for a long entry was recommended according to the trading system we discussed yesterday. The new high printed in the first 5 minutes…

How to use Box Charts: Three Line Price Break

Candlestick and bar charts are the most widely known types of graphs in finance. What about box charts? I had not even seen one before reading the trading book, “Trade Chart Patterns like the Pros”, written by Suri Duddella. Suri discusses about box charts in the first chapter and particularly when he analyzes his method…

Traders expect Caterpillar stock to pull back on China deal’s fraud

Caterpillar stock is among the top 10 stocks currently trending at StockTwits due to the alleged fraud the company uncovered last Friday at a Chinese mining equipment firm that it bought last year. The accounting fraud of the Chinese company that CAT management revealed and will lead to a write off most of the $653m…