I added 3 new stocks to the investment portfolio today:
- LNTH
- CNK
- CXM
These stocks were identified by my algorithm as top contenders for a long position (among other stocks). I narrowed my decision towards these 3 stocks as I believe they have a better risk-reward ratio compared to some of the other short listed stocks.
As it goes with investing, nothing is certain and so these trades are going to be actively monitored, target prices will be reviewed and adjusted as necessary and any future sell decisions will be determined by how these positions perform.
LNTH (Lantheus Holdings, Inc.)
- Algorithm result: share price is above -2 stdev / below -1 stdev
- 35% potential return to target price
- Trade initiated at $61.16
CNK (Cinemark Holdings, Inc.)
- Algorithm result: share price is above -2 stdev / below -1 stdev
- 27% potential return to target price
- Trade initiated at $14.17
CXM (Sprinklr, Inc.)
- Algorithm result: share price is above -2 stdev / below -1 stdev
- 30% potential return to target price
- Trade initiated at $11.89
