Here’s one of your more traditional “Buffett-like” stock screens where I am essentially looking for companies selling well below their book value. With the market getting hammered lately, it would be nice to find those stocks that have minimal downside risk, based purely on company valuation. The stocks below represent those companies that are trading at less than half its book value.
Of the four stocks below, I like Cemex (CX) the best. You have a nice double bottom in place, followed by a break, and then the eventual retest of that support/breakout area. So far it has held support quite well, and offers a solid risk/reward setup.
Here are 4 Stocks Selling at a Huge Discount.
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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