Shares: HUN and MATX

Huntsman Corp. (HUN)

Matson Inc. (MATX)

I have entered earnings plays using shares on HUN and MATX. HUN publishes earnings on Feb. 23 before the opening bell, and MATX, on Feb. 20 after the closing bell.

Each shows an uptrend on the daily and 3-hour Fisher Transform metric.

The share prices of HUN and MATX followed those of the broad market, despite the contrarian indicators. I exited for a loss in each case on Feb. 9.

In retrospect, there was a tip-off to what occurred to be found int the beta metric, which I don’t routinely check. It showed both stocks to be super-confirming of the S&{ 500, HUN with a 2.76 beta, and MATX at 1.31. Going forward,

I shall add beta confirmation to my decision process when I’m getting contrarian signals from other metrics.

sym entry exit result annualized entry date exit date
HUN 32.99  30.57 -7.3% -1,339% 2/7  2/9
MATX 35.87  34.30  -4.3%  -799% 2/7  2/9

By Tim Bovee, Portland, Oregon, Feb. 7, 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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