I did not run my scans today, so there are no new stock selections. The reason is that I have a sufficient number of candidates sitting on the back-burner. But because I earned some additional margin yesterday, I was able to add this position, which I identified last week:
I was filled at a price of $19.30 a share. My buy stop has been set at $21.76. Furthermore, here is a weekly chart of the same stock:
I don`t know about you, but I cannot find very many redeeming qualities in this stock. The path of least resistance is clearly to the downside, which does not guarantee anything, but at least puts the odds in my favour.