27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
SmarTrend identified a Downtrend for Star Bulk Carriers (NASDAQ: SBLK) on January 25, 2011 at $2.64. In approximately 6 months since that trend was identified, Star Bulk Carriers has fallen 22.7% as of today's recent price of $2.04.
In the past 52 weeks, shares of Star Bulk Carriers have traded between a low of $1.95 and a high of $3.23 and are now at $2.04, which is 5% above that low price.
Star Bulk Carriers is currently below its 50-day moving average of $2.15 and below its 200-day moving average of $2.55. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.73% while the 200-day MA has slid 0.48%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Star Bulk Carriers.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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