Shares: EGN and MTW

Energen Corp. (EGN)

The Manitowoc Co. Inc. (MTW)

I entered two bullish earnings plays using shares, on EGN and MTW. The entry is based on an uptrend signal on the Fisher Transform metric and a high expectation of an earnings surprise.

EGN publishes earnings on Feb. 8 before the opening bell and MTW, on Feb. 7 after the market close. My intent is to exit the positions before earnings are published, relying on the Fisher Transform to signal when I should exit.

EGN moved to a downtrend as signaled by the Fisher Transform shortly after entry. I exited on Jan. 25 for a loss. A Fisher reversal occurred on Jan. 30, and I exited MTW, also for a loss.

The “out by” date in the table below shows the date I must exit by if I don’t want to hold through the earnings announcement.

sym entry exit result (%) annualized (%) entry date exit date
EGN 58.42 56.56 -3.2% -1162.1% 1/24 1/25
MTW 40.71 41.69 0.1% 2.2% 1/22 1/30

DisclaimerBy Tim Bovee, Portland, Oregon, Jan. 24, 2018

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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