The watch list for today included only reverse bouncers. Two were nice trades at the open, and two did not do much.
GLBL opened close to 1% below the short signal, which makes it a difficult trade to make because 1% is what you hope for out of each trade. Coming back up to where the short signal was would have been a definite sell signal. The stock continued to rise after doing just that, rising to end the day up 3.81%.
RES hit the buy signal for the continuation play at $24.82. It did rise to $24.99, so there would have been an opportunity for a small gain. RES will be on the watch list for tomorrow.
CVI was a nice reverse bounce play. The stock fell below the short signal at $22.00 and fell to $21.50, so there was an opportunity for about a 2% gain in about 20 minutes.
BC was also a good reverse bounce play. The stock fell below the short signal at $25.28, and continued down to $24.90. About 1.5% in about 15 minutes.
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