Trading Trends With Renko Charts

valued the company at between GBP3.7 billion and GBP4.5 billion. Friday marks the start of Royal Mail’s conditional trading, in which shares can be traded on screens but aren’t yet delivered. Conditional trading is standard practice in U.K. IPOs, allowing investors double etf’s to buy and sell their shares while the regulatory process for listing the shares is being completed.
Source: http://online.wsj.com/article/BT-CO-20131011-702400.html

Every brick starts where the previous brick ends. Traders can specify the size of bricks in pips. In the example above, the distance from the high and low of the brick is three pips. So a ten brick move is equal to 30 pips (10 bricks times 3-pip height brick). Price can move above and below the previous brick until the minimum number of brick is met. This may be a surprise for most traders who are used to a new candle being formed at a specific time.
Source: http://finance.yahoo.com/news/trading-trends-renko-charts-191300857.html

All have dropped by more than 80 percent since last Thursday’s close, turning them back into the penny stocks they were before their dramatic gains in recent months – a surge analysts said was not backed by business fundamentals. Some brokerage clients have refused to pay up, or have disappeared, three traders told Reuters on Friday. Individual traders, or remisiers, who have to foot the bill may have to declare bankruptcy or sign a bond to pay off what they owe in installments to the brokerages. “Because SGX lifted the suspension so quickly (on Monday), there wasn’t time for information to be disseminated down the stream,” said one of the Singapore traders.
Source: http://www.reuters.com/article/2013/10/11/singapore-stocks-scrutiny-idUSL4N0I113620131011

Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.28% if the stock gets called away at the November 8th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NE shares really soar, which is why looking at the trailing twelve month trading history for Noble Corp , as well as studying the business fundamentals becomes important. Below is a chart showing NEs trailing twelve month trading history, with the $38.50 strike highlighted in red: Considering the fact that the $38.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
Source: http://www.forbes.com/sites/stockoptionschannel/2013/10/10/ne-november-8th-options-begin-trading/

Want to track the company insiders in PVR Partners are starting to buy or sell more company shares? See insider trade report for PVR here. Read Full Report: http://www.Pennystocksinsiders.com/PR/101113A/PVR/PVRPartners.pdf Nike Inc /quotes/zigman/235840/quotes/nls/nke NKE +0.03% : By the end of last trading, the Nike /quotes/zigman/235840/quotes/nls/nke NKE +0.03% shares rose US$2.55 (or 3.60%) to US$73.44 with about 5.55 million shares exchanged hands for the session, compared to its average volume of 4.97 million shares. Pennystocksinsiders.com found company Director, Orin Smith, sold his shares at a price of US$72.57 on October 1. Want to know when company insiders will buy or sell their shares?
Source: http://www.marketwatch.com/story/insider-trading-picks-for-microsoft-pvr-partners-nike-bank-of-america-yahoo-and-exxon-mobil-2013-10-11

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s