Every day it is possible to search, using the Inch platform, the best trading opportunities in terms of reward / risk ratio. Based on this method, each trader or investor is required to assess future uncertain returns against a certain predetermined loss.
Let us see how to proceed step by step. We select a liquid asset such as US blue chips, after which we select all new buy signals for moderate buy, buy and strong buy and select them further for strong buy.
In this way, we reduce to only two blue chips the choice to be made, that is, Symantec Corp. and News Corporation CLB B. Between the two we choose News Corporation CLB B (Rupert Murdoch), because it has a short-term trend stage position more favorable to purchase than Symantec action.
By clicking on the chart, you immediately access to details tab where we can quickly search for further confirmations for ordering the purchase.
For example, the performance of the medium / long-term stock shown in the weekly chart, the relative strength of the stock compared to its benchmark index and above all the pattern prediction calculated using quantitative methods.
The weekly trend is bullish as well as its weekly position (Stay Long). The new purchase signal highlighted by the platform based on the daily time series is therefore aligned with the medium / long-term bullish position. The strength of the stock compared to its benchmark index (S & P 500) is moderately positive both for the short and for the medium / long term, as it highlights from the report available in the link below InchCapital Platform – NEWS CLB B report. We therefore have only to see what the prospects are based on quantitative analysis.
These are decidedly favorable since, based on the closure recorded on Friday 4 May, they propose, for the subsequent twenty trading days, a bullish perspective. The worst trend against the closing on Friday 4 May is only 1.34%, while all the other projections indicate a sharp rise in percentage terms.
Conclusions: as stated above, News Corp CLB B is considered best trading or investing opportunity as at 9 May 2018. Based on the last two identical daily closures recorded on May 7 and 8 at USD 16.60, the security may show a bullish trend subject as long as do not take trade below USD 15.80.