See our recent article: How do I manage my trading risk?
|(Date Report Was Created: 16-Jun-2014)|| |
|WellPoint, Inc. (WLP)||Healthcare|
|Last: 106.1  (-0.78 pts, -0.73%)  Open: 106.88  High: 107.41  low: 106.02  ||Health Care Plans|
- The Stock is in Bullish Phase. The Bullish Phase occurs when there is an upside trend for the stock. The buyers are pushing the stock up.
- The stock has retraced 3.6% from its recent high price of 110.03 which occurred on 28-May-2014. The current price is below the 20 day moving average of 107.3. The stock could possibly find support at the 50 day moving average of 102.35.
- The closest support can be found at 105.7. The closest resistance can be found at 108.63. See Support/Resistance below for details.
How to trade WellPoint, Inc.(WLP)?
- Breakout Trade: A close above the resistance level of 108.63 could trigger a buy signal. Confirmation would occur when the low of the day would be above 108.63.
- Retracement Trade: Consider buy when the price retraces around 105.7 if you are aggressive. Alternatively, a conservative buy would be around 102.44.
- Risk Management: Consider risking somewhere between 2.0985(1.98%) and 3.4975(3.3%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock.
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|Market Phase:? ||Bullish|| This indicator compares long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of WellPoint, Inc. is in the Bullish Phase. This indicates that the stock is in an uptrend. The buyers are attracted to the stock and are pushing WLP up.
|Short Term Trend: ||    (-1)
||The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. WellPoint, Inc.(WLP) is currently congested with slight down trend.|
|3 Day Money Flow: ||    (-5)
||The money flowing for last 3 days in WLP has been mildly bearish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator.|
|| ||Relative Strength:||    (+9)
|EPS Growth(yoy):||    (-3)
|| ||Fundamental:||    (-4)
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If you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills.
Risk Management should be critical part of your trading plan. A rational risk managment plan is crucial because it save your portfolio under turbulant market conditions.
Here is one approach to manage risk involved in trading stocks.
Tip. Limit the amount of money that you risk on a stock or a trade. Don't put your eggs in one basket. Investing too much of your trading capital on one stock or trade increases your risk. Common sense dictates that it is not the right thing to do. Many people have rightly suggested that investors should diversify their portfolios. Diversification does not increase returns, but it reduces your risk.
The question then comes up is, how much money should I risk on a trade or a stock ? The amount of money that you should risk on a stock depends on the capital you have to trade, your mental and personal makeup to tolerate risk, and your goals. Normally, it is suggested that a trader should not risk more then 2-5% of the available capital on one particular trade. This is a good rule of thumb; however, you should evaluate your personal circumstances and risk tolerance before taking on a trade.
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