2018-12-13
This trade idea came from scouring through IBD Weekly. When reading this I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls
This first hit my radar in the Vol 35 NO.33 Week of November 19, 2018 issue where it was featured in Stock Spotlight. I did not take action, because I was committed in Twitter at the time.
Then it popped up again in the Stock Spotlight section of the Vol 35 NO 34 Week of November 26, 2018 and I was still pretty committed.
CHEF showed up again in the Vol 35 NO 35 Week of December 3, 2018 issue in the Stock Spotlight section
I bought on 12/03 and this hit a Time Stop. If I buy a stock and it is not making me money by 7 days it a sell. Yesterday I was down a 1-2% and I sold this morning
I got filled at $38.56
-5% stop = $36.63
20% Target = $42.27
IBD Rankings 12/13/18
Composite Rating: 95
EPS Rating: 75
RS Rating: 98
Group RS Rating: A+
SMR Rating: D
Acc/Dis Rating: B
ROE: 5.2%
Debt: 126%
Outstanding Shares: 30.0m
EPS Due Date: 2/18/19
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
