The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to … Continue Reading ››

Lastly, charting software provides technical traders with the ability to identify patterns in stock prices in order to forecast future price movements. Software that can integrate with trading journals includes stock portfolio management software, stock charting and analysis tools, online brokerage platforms, backtesting software, and news aggregators. … Continue Reading ››

The validity of the stop-loss order should last until the end of the day. Traders know they have hit the sweet spot when there is a sufficient gap up. It’s the difference between the close position of the bullish candlestick and the open price … Continue Reading ››