Four stocks triggered a buy for next week. The most I've had in several weeks.
PRC, ABB, DXL, and RIO.
PRC I already hold and will not add to my position at this stage as it does not meet my criteria (based on percent profit) for a pyramid trade.
The other three will be added to the portfolio.
Note that RIO and DXL are under takeover, but I have decided that from now on, I will apply the least amount of discretion to the system as I possibly can. But still if stocks like HER and JBM trigger, ie. those that have been in a tight trading range for several months, this is the only case in which I will not purchase the stock.
If I get a selection of stocks to choose from, I will rank the stocks in terms of ascending stock price, and start at the lowest priced stock, working my way upwards. This added a slight benefit in backtesting.
