Top Low-Volatility Stocks: Trading Opportunities For Next Week
A security pattern traces the distinct movements of security prices that, once recognized, help traders to make informed trading decisions. These patterns are identified by their vital geometrical elements, which are formed by changing security prices. Let's look at some low-volatility stock opportunities by analyzing these patterns.
Buy Signal for Allegiance Bancshares (ABTX) (Triple Bottoms)
A Triple Bottoms pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The security tests the support level over time but eventually breaks resistance and makes a strong move to the upside. This type of formation happens when sellers cannot break the support price, and market participants eventually pour in.
Trade Idea:
- Buy near the breakout (entry) price – 43,28$.
- Sell at the target (exit) price – 44,72$.
Buy Signals for Newmont Corp. (NEM), M&T Bank (MTB), Fulton Financial Corp. (FULT), and Cal-Maine Foods (CALM)
Trade Idea:
- Buy at the opening of the stock market on Monday if the opening price has gone up by no more than 0.5% of Friday's closing price.
- Sell after the price has risen by 2% from Friday's closing price, or at the end of the trading week if the target is not reached.
Buy Signal for Reliance Steel & Aluminum (RS)
Trade Idea:
- Buy RS at the current market price if seen as appealing.
- Sell RS after receiving the "sell" recommendation from trusted analyses.