STZ bounced out of the buy zone on good EV, but I did not buy earlier because of the negative EV pattern.
Let us not forget that we are in extreme overbought conditions, which means that entries require even more caution than usual. Chasing high prices implies wide stops and a higher than usual probability of losses. In hindsight, I could have told you that buying PACR alone would have been a great decision.
This is the list for today and below are the buy limits.
I am interested in GLW, which gapped up on good earnings and is now pulling back on higher EV. The problem I see with GLW is that it would be logical to place a stop around 16.5 or just below the low of the past few days, but this price is still within the Buy range. Hence, it is better to place a stop below that range or at around 16.3, which means trying to enter the trade on a pull back down at minimum to 16.7.
LOGI is a rather tiny stock. It had a good earnings gap up, but has started to pull back. The logical buy area would be 9.5, which is out of the buy zone. In other words, the stock will probably need two to three days to fill the gap.
BC is in an optimal buy spot.
OCN is also good, but earnings are tomorrow, so I will avoid it.