2019-01-14
This came to my attention when I was looking at the IBD Stocks on the Move. I had some room in my portfolio as part of my Risk Management. I saw this coming out of a base on strong volume. I opened a position the next morning
I bought on 2019-01-11 and I am currently at Day 2 for a 7 Trading Day Time Stop. The stock has sold off some, but the volume dried up
I did a quick check on the IBD Rankings. These are a little less than the classic CANSLIM method, but based on my reading of the market I was willing to risk the trade.
IBD Rankings 01/14/19
Composite Rating: 83
EPS Rating: 72
RS Rating: 75
Group RS Rating: A
SMR Rating: D
Acc/Dis Rating: C
ROE: 0%
Debt: 0%
Outstanding Shares: 165.2m
EPS Due Date: 2/26/19
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2019-01-31
I closed out my position this morning to lock in profits. The uptrend momentum looks like it is drying up and I expect a drop. I will still be watching this for a while. I got filled at $49.98
49.98 Close - 43.44 Bought = +$6.54 / 43.44 = +15% in 19 days
