Mimecast Limited – MIME

2019-03-13

This trade idea came from Investor's Business Daily Stock's on the Move yesterday. There was a large spike in volume and had a good gain. This is attempting to buy on the dip.

I had started watching this after the pop on Feb 12th. This was featured on the Stocks on the Move. I thought it was a buyable gap up, but I did not act on it at the time. I had missed it and I was not going to chase it.

See In The Trading Cockpit with the O'Neil Disciples: Strategies that Made Us 18,000% in the Stock Market

I placed a market order for 100 shares after the open. This Day 2 of a 7 Trading Day Time Stop

I got filled at $45.95
-5% stop = $43.66
20% Target = $55.14

IBD Rankings 03/12/19
Composite Rating: 94
EPS Rating: 73
RS Rating: 90
Group RS Rating: A+
SMR Rating: C
Acc/Dis Rating: B-
ROE: 0%
Debt: 68%
Outstanding Shares: 60.1m
EPS Due Date: 5/13/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts