Canadian Rolling Stocks

Canadian Rolling stocks are similar to the other rolling stocks. When you subscribe, you get a list of rolling (channeling stocks) that trade on the Toronto or Vancouver stock exchanges in Canada. Our rolling stocks information provides you with an updated list of stocks which go up and down between two set predictable price points. Below is an example of the information you get with a subscription to myrollingstocks.com

Sample List of Canadian Rolling Stocks

The Graphs

Three green arrows line up vertically – signals a buying opportunity

How to use the chart (Buying a Stock)– You can find the support and resistance levels of the stock by looking at the table above– one way to determine where to buy the stock is by buying at or close to the support (in this case $40). Because the support and resistance levels are not always clear cut and defined, another way to determine where to buy the stock (entry point) is by looking at the green arrows that form when the three indicators signal a buying opportunity (the three green arrows will line up vertically).

Three red arrows line up vertically – signals a selling opportunity

How to use the chart (Selling a Stock)– Looking at the table above will display the support and resistance levels of the stock – one way to determine where to sell the stock is by selling at or close to the resistance (in this case $1.05). Because the support and resistance levels are not always clear cut and defined, another way to determine where to sell the stock (exit point) is by looking at the red arrows that form when the three indicators signal a selling opportunity (the three red arrows will line up vertically).

The indicators are the MACD and the Stochastics. The MACD (Moving Average Convergence Divergence) was developed by Gerald Appel, and is used to determine the strength of a trend.

The MACD is constructed with two simple moving averages and one exponential moving average. The two moving averages, usually an 8-day and a 17-day, are compared to find the difference between the two. A smoothing factor is applied to the difference between the two moving averages by taking a 9-day moving average of the difference. The difference and the smoothed difference are then plotted as lines or a histogram (or both).

The Stochastics is an indicator that measures the relationship between a stock’s closing price and its price range over a predetermined period of time.

Some Definitions

Support – This signals the buying price of the stock

Resistance – This is an indication of the selling price, if you already own the stock

Options – This tells us if the stocks has Options available

Red Line – Simple 30 moving average

Blue Histogram – The MACD (Moving Average Convergence Divergence) is used to determine the strength of a trend

Green Line – Stochastics is technical momentum indicator that compares a security’s closing price to its price range over a given time period

NOTICE: Always check with your brokerage to determine how many shares of stock are in each contract you are considering. Only use 100 share contracts since odd lot contracts have multipliers that could increase the number of shares you would be obligated to deliver on assignment. The additional shares could drastically reduce your rate of return or even create a loss.

DISCLAIMER: This search results should be used as a starting point for your own research and not as a recommendation to buy or sell any of the stocks/options listed herein.