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Title
Last Update
5/17/2013
PNM
PNM RESOURCES
STAY LONG
Last Pattern: BEARISH ONE BLACK CROW
Last Close:
23.2100
Change:
+0.1400
Percent change
+0.61%
6 mo. Rating 2★
$100⇨ 113.52
12 mo. Rating 2★
$100⇨ 125.94
24 mo. Rating 1★
$100⇨ 171.96
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 5/14/2013, 3 days ago, when the stock price was 23.1100. Since then PNM has risen by +0.43%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern appears in an uptrend and consists of a white candlestick and a black candlestick in which the black candlestick opens below the preceding day’s close and closes below its open. The pattern looks similar to the Bearish Harami pattern. The only difference is that the second day closes lower, which stops the engulfing of the black body by the preceding white body. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/14/201323.1100BUY 171.22
5/8/201323.3900SELL 171.56
5/3/201323.7600BUY 174.62
5/1/201323.6200SELL 174.97
4/19/201323.0600BUY 171.16
4/15/201323.1600SELL 171.50
4/8/201323.2251BUY 172.33
4/2/201323.1250SELL 172.68
3/21/201323.0900BUY 172.76
3/15/201323.0100SELL 173.11
2/13/201321.2900BUY 160.49
2/5/201321.2800SELL 160.81
1/18/201320.3900BUY 154.39
1/16/201320.3200SHORT 155.55
1/14/201320.3950BUY 156.75
1/7/201321.0700SELL 157.06
12/18/201220.8600BUY 155.81
12/12/201221.0400SELL 156.12
11/20/201220.3300BUY 151.15
11/5/201221.9500SELL 151.45
10/4/201221.1100BUY 145.95
10/1/201220.9200SELL 146.24
9/14/201220.6800BUY 144.85
9/10/201221.1707SELL 145.14
9/5/201221.0750BUY 144.77
8/31/201220.7607SELL 145.06
8/27/201220.6600BUY 144.65
8/1/201220.7700SELL 144.94
7/26/201220.6694BUY 144.53
7/24/201220.2800SELL 144.82
7/20/201220.3500BUY 145.61
7/6/201219.8900SELL 145.90
6/15/201218.7200BUY 137.59
6/13/201218.6100SELL 137.87
6/8/201218.6500BUY 138.44
6/1/201218.3900SELL 138.72
5/21/201218.0300BUY 136.28
5/2/201218.7200SELL 136.55
4/13/201218.0200BUY 131.71
4/11/201218.0500SHORT 132.02
4/2/201218.5500BUY 136.22
3/28/201218.6600SELL 136.49
3/21/201218.2150BUY 133.50
3/16/201218.4000SELL 133.77
2/29/201217.8400BUY 129.96
2/24/201218.1700SELL 130.22
2/21/201218.2100BUY 130.77
2/15/201218.0800SELL 131.03
2/14/201218.1900BUY 132.09
2/10/201218.0500SELL 132.35
1/25/201217.6600BUY 129.75
1/19/201217.6600SHORT 130.27
1/9/201218.0290BUY 133.53
1/3/201218.2110SELL 133.80
12/21/201117.7300BUY 130.53
12/9/201118.4000SELL 130.79
11/30/201118.8000BUY 133.90
11/9/201118.4000SELL 134.17
11/3/201118.0800BUY 132.10
10/31/201118.0700SELL 132.36
10/6/201116.5800BUY 121.69
10/3/201116.2900SELL 121.93
9/23/201115.0500BUY 112.87
8/31/201114.9800SELL 113.10
8/24/201114.4500BUY 109.32
8/18/201114.6200SHORT 108.50
8/11/201113.8250BUY 103.01
7/22/201116.7100SELL 103.22
7/19/201116.7800BUY 103.86
7/11/201116.8100SELL 104.07
7/1/201116.8100BUY 104.28
6/22/201116.4350SELL 104.49
6/9/201115.8400BUY 100.91
6/2/201116.1200SELL 101.11
5/26/201115.8800BUY 99.80
† Trade commissions taken as 0.20%.
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