Trade-Ideas: Follow up from November 16th
My 60-day Trade-Idea highs scan from the afternoon of November 16th turned up 11 stocks. How did these stocks do?
Based on the closing price from November 16th and Monday's closing price, 82% closed in positive territory. However, this return needs to be considered within the context of gains in all market indices over this period (i.e. vs 100% market profitability). The average maximum gain in these stocks exceeded the maximum gain in the markets by 31% - assuming an exit at the highs, sans commission or slippage factors.
Based on the closing price from November 16th and Monday's closing price, 82% closed in positive territory. However, this return needs to be considered within the context of gains in all market indices over this period (i.e. vs 100% market profitability). The average maximum gain in these stocks exceeded the maximum gain in the markets by 31% - assuming an exit at the highs, sans commission or slippage factors.
