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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| ANSS | Software | 3.34% | n/a | 2 | 23-Jul-08 | Prior Holding |
26-Jul-08
Macd x-over
Holding Rationale for ANSS.
One has to be prepared in the event this market does rally and ANSS seems like a good candidate to challenge it’s all-time highs. It’s sort of walking a tightrope after a Macd crossover where it could go either way, but if the markets move higher this should see new highs. For those unfamiliar with Macd here is an excellent tutorial from Brian Shannon at Alphatrends.net.
However if the markets reverse this will be a good short candidate as well, as it’s making a lower high right now and could easily fall to it’s previous low. Either way this stock presents good trading opportunities. If one enters this week on strength, I’d be looking for a move up and would unload before earnings on 8/7. I rarely hold stocks through a earnings report due to the wild price swings and inability to predict investors reactions.
Tagged Stocks: ANSS
Posted at 18:08 in Holding Rationales | Permalink | Comments () | Top
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