2018-11-25
This trade idea came from Investor's Business Daily www.investors.com.
Vol 35. NO. 32 Week of November 12, 2018
This was featured in the Stocks on the Move section and I reviewed the article on the 15th. This was on my watch list and I bought on 19th.
I got filled at $26.53
-5% stop = $25.20
20% Target = $31.86
IBD Rankings 11/19/18
Composite Rating: 93
EPS Rating: 78
RS Rating: 92
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: A+
ROE: 19.5%
Debt: 167%
Outstanding Shares: 107.0m
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts
1 year daily chart from Bigcharts
3 month daily from Bighcharts.com
3 month Daily from Stockcharts.com
I am currently down in the position -4% and I'm watching this one close, because it is about to trip my stop. This had a large loss on very light volume and I am expecting a bounce. It may roll over and some warning signs
Stockcharts.com
2018-11-30
This had drifted down on light volume and then rolled over. I was stopped out and I got filled at $25.14. This is still on my watch list, but my timing was off
2018-12-27
I had kept this on a review list and this has been holding in an otherwise bad market. I noticed the price action and decided to by back into this stock
I have changed my targets using more of the recent low for the stop and upside. I have a time stop of 7 trading days, because if this is not making me money by then I can move on
Cost $25.56
Stop $23.00
Target $30.00
2019-02-14
I closed out the position today, because I had seen a bad headline. This was getting close to my cost basis and I have not liked the way it has been trading. I wanted to be able to free up the cash to put to better use elsewhere
This was a frustrating trade, because I had held during earning reporting. The stock did nicely at earnings, but it hasn't responded well afterwards. I got filled at $25.76
25.76 - 25.56 = .20 /25.56 = +.07% since 12/07/18
