* First trade, PRGO, Perrigo CO Plc. PRGO belongs to the top rated XLV and the Medical Products sector. PRGO has a very bullish power rating, with very strong insider buying, analysts opinion and estimate revisions. PRGO is currently oversold on the Chaikin oscillator and flagged an Oversold Buy Signal. We entered a full size trend trade at the open. See all of our trades here.
* Our final trend trade of the day belongs to the XLI, which is also outperforming the SPY, however by a much narrower margin. We entered a position in LYB (Lyondellbasel - A) a chemicals company. Once again, a Very Bullish Chaikin Power Gauge, very strong analyst opinion, virtually no short interest, strong technicals and belongs to a strong industry group. Chaikin Analytics gave a Money Flow Buy Signal while at the same time falling well into the oversold territory on the Chaikin Overbought / Oversold Oscillator. See our entry here.
Happy Trading. Mike & AA