Pairs Trading Corner With More Fuel For Our Toys & Tools (BP …

(British Petroleum – Marathon Oil ) We always need fuel for our toys and tools (equipment). But most of us would prefer our toys over mowing the lawn. These two stocks go together very well and are holding a desirable consolidation for a near future long entry in the area of $23.15 or so. Ok, now let’s take a look under the hood and the specifics below..

Technically speaking, our pair has excellent correlation 0.93+, and the expected range of travel is about 0.80- to 1.0- below the 10 SMA. The RSI Wilder is weak at 39.01, and will lower as the pair moves down to channel bottom. I have the pair in the pending trades and will feature as “Pair Of The Day” in the next trading day’s edition of “ShadowTraderPro Pairs Trader” posted daily at “MyTrade”.. ; )

Want to know more!, check us out at ShadowTrader.net and go to the pairs archives for viewing and reviewing. As always, catch us at the “Pairs Hour Show” at 4:15 – 5:15 EST every Thursday.

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