Pairs Trade Idea: Buy NTC/Sell LHC
Time Frame: Ultra short Term - looking for a reversion to the mean.
- Has retraced more than 0.618% of it's recent upward move, from upper boundary of Bollinger Band to below the mean.
- 5-day performance gap has widened, with NTC underperforming LHC (-6.98% vs 0.13%).
- The 5-day correlation is negative vs a 0.69% correlation over 21 days and a 70% correlation over 250 days.
- 7-day RSI at 17, suggesting the price in oversold territory.
Suggested Levels:
- Entry Range: 0.06385 to 0.6416
- Stop: 0.6330
- Target: 0.6700
- Current Ratio: 0.6407
A successful pair trade can be realized 1 of 3 ways:
The long position rises while the short position falls
The long position rises faster than the short position rises
The short position falls faster than the long position falls.
For more real-time insights and trade ideas, or if you're considering at alternative trading services provider, get in touch today.
- Has retraced more than 0.618% of it's recent upward move, from upper boundary of Bollinger Band to below the mean.
- 5-day performance gap has widened, with NTC underperforming LHC (-6.98% vs 0.13%).
- The 5-day correlation is negative vs a 0.69% correlation over 21 days and a 70% correlation over 250 days.
- 7-day RSI at 17, suggesting the price in oversold territory.
Suggested Levels:
- Entry Range: 0.06385 to 0.6416
- Stop: 0.6330
- Target: 0.6700
- Current Ratio: 0.6407
A successful pair trade can be realized 1 of 3 ways:
The long position rises while the short position falls
The long position rises faster than the short position rises
The short position falls faster than the long position falls.
For more real-time insights and trade ideas, or if you're considering at alternative trading services provider, get in touch today.
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