Cost Free Trades - SLB & either <HP>, <CHK>, <CXIPY>, <PDE>, <MDR>, or <OII>
Heretic: I like your idea of going long SLB and short OIH, but since SLB has such a strong weighting in OIH, perhaps you might do better going with an individual equity on the balancing short side of the trade? Something like HP, CHK, MDR, or OII, which all look ripe for a S/T 10% drop within the next couple of weeks.
Chart for the long side of the trade:
SLB: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
Charts for the short side candidates:
HP: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
CHK: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
CXIPY: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
PDE: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
MDR: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
OII: stockcharts.com[l,a]daclyymy[pb50!b200!d20,2!e5!i][vc60][iLp14,3,3!La12,26,9!Lb14!Lc20!Ld20!Lf!Lg!Lj[$spx]!Lk14!Ll14]
Comments and flames are welcome from anyone.
Regards,
Razor |
