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Stock Trading Opportunities: BCC, PFSI, PSXP

Published 08/09/2016, 06:30 AM
Updated 07/09/2023, 06:31 AM

Boise Cascad (NYSE:BCC)

This value is traded in the S&P SmallCap 600, and is traded with good liquidity. Since February 2015, the price has been in a stable downtrend with intermittent recovery phases. After the last low at $13.80, the price recovered to about the middle of the current correction zone, which runs between $24.42 and $33.15 on the upper side. The DowHow signals show it clearly. The next downward movement could get going here.
BCC Daily Chart

Pennymac Fnl Ser (NYSE:PFSI)

In December 2015, Barclays took this account into its securities account, with the instructions to overweight it. After that, it was all downhill for this value, and only at $10.48 was a preliminary bottom found.

The correction zone in the large trend size is relatively large, stretching from $13.85 to $19.69. The most recent recovery ended at $15.91, meaning that one can assume that a new downward movement is now starting. This is why the DowHow signals also appeared, indicating a short opportunity.
PFSI Daily Chart

Phillips 66 Partners (NYSE:PSXP)

This value currently seems to be bucking the trend and forming a long signal. In the daily chart, we can see a still very young trend with a green correction zone between $63.49 and $42.83. The DowHow signal has struck several times already, but has been unable to decisively assert itself as of yet.

However, the probabilities speak for a trend continuation, such that one can speculate on said trend continuation with a stop beneath the green zone.
PSXP Daily Chart

Disclaimer: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

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