Advanced Drainage Systems – WMS
2018-08-08
This stock idea had come to my attention on 2018-06-2018 when it popped on IBD Stock on the Move. I started watching it and been looking for a good opportunity
Last night I was reviewing the charts and saw a potential MADH positive cross over. The chart look like line of least resistance is on the upside. Tomorrow they are reporting earnings and taking earnings risk by placing a trade this morning
I got filled at 27.90
-5% stop: 26.51
20% Target: 33.45
IBD Rankings today
Composite Rating: 82
EPS Rating: 83
RS Rating: 85
Group RS Rating: B
SMR Rating: C
Acc/Dis Rating: B-
ROE: 18.2%
Debt: 108%
Outstanding Shares: 23.9m
EPS Due Date: 08/09/18
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2018-08-28
I didn’t like the way it was trading and closed out my position this morning. It was slowly increasing on light volume and the momentum was slowing. The MACDH was trending down and oscillators have been overbought for a while. I got filled at $32.31
32.31 -27.90 = 4.41 in 20 days. Not bad
