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ARCHIVE:    JUNE 1999-JULY 2000  

An InvestorLinks article
distributed every market day.

Biogen Inc  (NASDAQ: BGEN)
Market Call™ for July 10, 2000
Contributed by Mark Seleznov, TrendTrader.com.

The purpose of this Market Call section is to educate readers in technical analysis patterns and indicators. As with all investment information, you need to research information and consult your financial advisor before initiating any strategies that are contained in Market Call.

Also, you must realize that as with all trading strategies, opinions can change quickly depending on market conditions and developments.

This column tries to present historical examples, potential set ups, and examples of entry and exit strategies.

Focus on Exit

When a trade entered goes as planned, the next step is to exit the trade.

If you are following a trend following method such as crossing moving averages, MACD signals, or Momentum, these indicators will also be you trigger to exit.

Many methods will keep you in a stock either long or short. Other methods will use one or more indicators just for exit, and another for entry.

Sometimes we do not discuss the exit as much as we should.

We know when we should exit if a trade goes bad, but how about the trade that works out well. Usually, most people will use the same indicator or pattern that initiated the set up to enter the trade.

For example, a MACD Buy would wait for a MACD Sell. A moving average crossover, would wait for the averages to cross back.

It is certainly fine to use trailing stops or a different pattern or indicator for exit. The key here is to plan on closing a winning trade.

Let look at our chart below on Biogen, Inc. (NASDAQ: BGEN).

On June 30, 2000, there was a very good MACD Buy signal on BGEN. July 3, gave us a moving average cross over Buy and a breakout on July 5. Any of these fine indicators would have put you in a winning trade.

Let’s look at a BGEN exit strategy using the MACD indicator.

When a stock gets overbought, the MACD can signal the turn nicely, just as it did on entry. MACD is starting to turn from a very extended overbought condition.

If BGEN has a down day Monday July 10, 2000, the MACD will signal an exit.

You should have your software set with the MACD indicator and when the histogram drops below the signal line exit the trade. A trader would have locked in a nice profit.

Chart courtesy of
 


Interested in adding Market Call to your website?
Click here for details: Market Call Information

Mark A. Seleznov is a General Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader. Mark is an author and recognized expert in equity Day Trading. He conducts seminars in Equity Day Trading and offers his firm traders training and support. If his firm holds any positions in the public companies he writes about, it will be noted at the bottom of his article.

Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner of Trend Trader, LLC. For information on obtaining Market Calls for your web site, newspapers, or publication, contact
Trend Trader, LLC at 602-948-1146

Disclaimer: Trading in securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. This is not an offer to buy or sell securities. The advice given above is of a general nature and should not be taken as a recommendation to buy or sell the referenced security.

 
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Last modified: March 17, 2001

Published By Tulips and Bears LLC