PAIRS TRADE: BUY US STEEL (X), SELL SHORT GM (GM)
See chart:
Risk 10% overall. X is volatile. Upside potential is roughly 20%. 5-10% downside in GM and 10-15% upside in X.
I like this setup. You can see that the pair of stocks is volatile and there is a lead-lag relationship that shifts back and forth. Given how GM is leading higher, it gives me confidence that X will find a bottom here and hold.
Cheers.
Technical Tim, Saturday 6:13PM EST, Sep 22, 2012
Risk 10% overall. X is volatile. Upside potential is roughly 20%. 5-10% downside in GM and 10-15% upside in X.
I like this setup. You can see that the pair of stocks is volatile and there is a lead-lag relationship that shifts back and forth. Given how GM is leading higher, it gives me confidence that X will find a bottom here and hold.
Cheers.
Technical Tim, Saturday 6:13PM EST, Sep 22, 2012
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.