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2019-06-09
This trade idea came to me by running a scan from TD Ameritrade on Tuesday and I reviewed this on a bad day for the market. This resulted in 3 companies and this was the best candidate
I set the scan to:
Revenue Growth: +25% - >100%
Current Price: $20 - $50
EPS Growth: 15% - >100%
Volume: >100,000sh
MACD Histogram: Negative to Positive
Price/Sales: 2, 2-3
I bought on Wednesday 2019-06-05 in the afternoon, because I expected a dip. The stock had gone up 4 straight days and the MACDH had changed to positive. I am currently down a small percentage and looking to exit quick if it starts to move against me.
This Day 3 of a 7 Trading Day Time Stop. The IBD Rankings are below the CANSLIM standard
IBD Rankings 06/09/19
Composite Rating: 96
EPS Rating: 84
RS Rating: 94
Group RS Rating: A+
SMR Rating: B
Acc/Dis Rating: D+
ROE: 14.3%
Debt: 53%
Outstanding Shares: 266.3m
Float: 263.6m
EPS Due Date: 8/12/19
I got filled at $26.12
-5% Stop: $24.75
20% Target = $31.26
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2019-06-13
I closed out the position today, because it hit my time stop. I had expected a pause, but then rebound. I got filled at $25.54 with a slight loss
$26.05 - 25.54 = -$0.51 / $26.01 = -2% in 7 days
