• Trading 101: Are these Names Poised to Hit $100?

    by  • August 9, 2013 9:36 am • Trading 101 with Peter Bryans • 0 Comments

    You may have heard the term “$100 roll” or have also heard some utter the phrase “the race toward $100″. The idea that stocks above $90 will eventually gravitate toward the $100 level, is something many traders often consider. The theory that stocks will approach this psychological round number level is an interesting concept, and one that has certainly played out many times.

    Courtesy of our very own Quantitative Analyst, Rocky White, I have (featured below) a list of names that are trading 10% (or less) below the $100 level. They are sorted by year-to-date (YTD) returns–from lowest to highest gains so far in 2013.

    Some of these names are interesting, and could present some good trading opportunities. Good luck out there.

    About

    Peter Bryans joined the Schaeffer's Investment Research trading team as a Trader in April, 2012. A graduate of the Fisher College of Business at The Ohio State University -- where he concentrated in Finance -- Peter previously held internships with an insurance broker and a wealth-management firm. In his current role, Peter trades a variety of our real-time option services and also hosts our "Options Apprentice" weekly webinar presentations.

    http://www.schaeffersresearch.com

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