AAPL Analysis
Posted: Thu Jun 12, 2008 5:15 pm
TRO or others-
I am looking at a strategy on AAPL- trading it's range from the open price. I was considering trading from the open, to a point that is statistically in my favor for a target. I am aware of TRO's Buy Zone, and am actively trading it. I wanted to see if we could snag more of the Daily Range out of it. In the moment, I am thinking of using 1/2 the Avg Daily Range as a target exit point. I want to see what the 'odds' are of hitting that point? So, my numbers from yahoo finance and Excel show this for the last 100 days-
ADR 5.53
Hi 13.98
Low 2.16
Open-High Range 2.67
Open-Low Range 2.86
I want to see what the % odds are of the price hitting the 50%, 60%, 70%, 80% marks of the Average Daily Range? You'll notice that the ranges are different for when it's from the Open to the High of the day, and the Open to the Low of the day- so we'll have to account for that. Can anyone help with this?
Thanks
I am looking at a strategy on AAPL- trading it's range from the open price. I was considering trading from the open, to a point that is statistically in my favor for a target. I am aware of TRO's Buy Zone, and am actively trading it. I wanted to see if we could snag more of the Daily Range out of it. In the moment, I am thinking of using 1/2 the Avg Daily Range as a target exit point. I want to see what the 'odds' are of hitting that point? So, my numbers from yahoo finance and Excel show this for the last 100 days-
ADR 5.53
Hi 13.98
Low 2.16
Open-High Range 2.67
Open-Low Range 2.86
I want to see what the % odds are of the price hitting the 50%, 60%, 70%, 80% marks of the Average Daily Range? You'll notice that the ranges are different for when it's from the Open to the High of the day, and the Open to the Low of the day- so we'll have to account for that. Can anyone help with this?
Thanks