Nanometrics Inc – NANO
2018-08-01
This stock idea came to me from doing my research on Investor’s Business Daily after reviewing my positions yesterday. This was in Stocks On The Move and it piqued my interest.
This company had posted earnings and popped. It looked like that the momentum had shifted to the upside and I expect resistance around $45. I placed a Limit Order at yesterday’s close this morning.
I got filled at $39.95
-5% stop = $33.62
20% Target = $42.47
IBD Rankings today
Composite Rating: 97
EPS Rating: 99
RS Rating: 94
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: A+
ROE: 12.6%
Debt: 0%
Outstanding Shares: 23.9m
EPS Due Date: 10/31/18
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2018-08-16
I had bought ahead of earnings, but liked how the market was setting up. Earnings was announced and pop!
I was sitting on about 12% in about 2 weeks. I reviewed how the stock was trading last night and felt there would be a pull back. I was thinking that 3-4% or even 5% would be normal. I checked a few times in the morning and it was not trading right. So I waited….
Then at lunch time I checked and it was down 10%! I still had a profit and did not like the “volatility”. Swings like that tells me that something is wrong. I sold and locked in a small gain and I got filled at $40.66
Here is a 3 Month chart from Stockcharts.com
