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Panera Bread Company Message Board

  • gamer13to gamer13to Oct 7, 2005 1:46 PM Flag

    3 sigma?

    The action today has taken out the 2 sigma Bollinger band. Price(as of about 1:30 Eastern time was at 2.7 signa for those who like to split hairs. Three sigma is 99.7 probability experience(I haven't looked up 2.7 sigma but will guess at 99.)

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    • The implication of the 3 Sigma Bollinger band are that, for the time being, there is little upside potential. Pnra will likely revisit the middle band(20 day) and trade there for at least a little while before it can go ahead. It appears to be starting to put in a bottom but the bottoming process will take quite awhile.

      It was up 10% in about 7 days so IMO one or more elephants were putting money to work from monthly receipts.

      IMO if the market is weak PNRA could revisit the lower band.

    • For anyone who cares, the implication of the 3 sigma is that it has gone as far as it can for the time being. And it has had a 10% move in 7 days. Expect it to at least revisit the middle Bollinger band(20 day ma line.

      IMO, PNRA is putting in some sort of bottom; it has not yet completed a bottom.

      The other problem is the general market(of which at some level PNRA is a part). If there is a general market bloodletting, PNRA can be expected to see some impact. In other words not a buy right now.

 
PNRA
171.12-0.10(-0.06%)Jan 28 4:00 PMEST

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