Bollinger Band Uptrend Dip--Weekly Assessment 1

My first weekly assessment for my new (and let’s face it, favorite) Bollinger Band Strategy: The Uptrend Dip.

I neglected to post my picks for 6.9.11 and 6.10.11. I had too much to do for my regular job—and I was a bit lazy.

One thing to note about this strategy: Unlike the Bollinger Band Bullish Breakout strategy, where I would run my scan and immediately set my purchase price, stop limit, and price targets for those qualifying under the criteria, the Uptrend Dip requires an extra day of “wait and see” before I’m ready to officially select my picks. A lot of my viable candidates did not turn into picks because they failed to rise in price, SMA average, upper Bollinger Band, and/or RSI value (this is a new additional criterion which I will explain in a subsequent Uptrend Dip post).

If a stock appears in one of the tables below, it is merely to note that it was a candidate but not an eventual pick. I’ll explain the reason below the table.

Picks from 6.7.11

Stock	Purchase Price	Stop Limit	Price Target	Price as of 6/7
SKF	65.00	63.00	68.00	65.74
URZ	3.00	2.80	3.30	3.11
DOG	41.50	40.44	43.50	41.70
SDOW	34.00	32.00	36.00	34.63

(A light green shade indicates a week closing price higher than the purchase price but lower than the price target.)

Picks from 6.8.11

Stock	Purchase Price	Stop Limit	Price Target
NCV
EWG
SAP

NCV did not close above the SMA after its dip and therefore was not put in for a buy.

EWG did close above the SMA and did increase its RSI value BUT its upper Bollinger band did not increase in value and therefore was not put in for a buy.

SAP did not close above the SMA after its dip, its Upper Bollinger Band decreased, and its RSI value decreased—hence it was not bought.

Picks from 6.8.11

Stock	Purchase Price	Stop Limit	Price Target
OXY
SSG	51.50	49.95	54.08
COG

OXY was not purchased because although it closed on 6.9.11 above its SMA and the Upper Bollinger Band increased, its RSI failed to exceed its previous RSI peak.

COG was not purchased because its RSI decreased in value.