2019-02-07
I did not like the way ZScaler was trading and wanted to move out of that. I felt this was a better use for the cash. This was featured in IBD's Stocks on the Move yesterday. This company was featured in IBD last year and I had passed on it for one reason or another. They had posted earnings and had a large positive move.
Today is Day 1 of a 7 Trading Day Time Stop.
I got filled at $47.60
-5% stop = $45.00
20% Target = $57.00
IBD Rankings 02/07/19
Composite Rating: 89
EPS Rating: 87
RS Rating: 87
Group RS Rating: B-
SMR Rating: C
Acc/Dis Rating: B
ROE: 10.9%
Debt: 89%
Outstanding Shares: 28.3m
EPS Due Date: 5/15/19
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2019-02-20
I closed out my position and locked in a gain. This had been rising on light volume and it was still trending higher. I will still be watching this company and may decide to get back in after a dip
I got filled at $28.34
28.34 - 25.32 = 3.02 / 25.32 = 11.9% in 13 days. Not bad
