2018-10-29
This company came to my attention by reviewing IBD’s Stocks on the move on 10/23/18. This had made a new high and it was under $40. I had room available in my portfolio for that.
I bought the next day within the opening hour. This traded down that day and day after and the day after. I was down 3.5% in 3 days and had considered on just closing out the position, but held till this morning. Today was a good day and made that back.
They have moved into “plant based” products and this is a $3.7 billion market. Zack’s had this industry group at the bottom 1%. So I’m not thinking this is going to shoot to the moon.
I got filled at: $42.43
-5% stop: $40.31
+20% Target: $50.92
IBD Rankings today
Composite Rating: 84
EPS Rating: 76
RS Rating: 94
Group RS Rating: D+
SMR Rating: B
Acc/Dis Rating: C
ROE: 18.1%
Debt: 5%
Outstanding Shares: 533.1m
EPS Due Date: 11/19/18
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2018-11-20
I closed out my position today, because they are reporting earnings tomorrow. This had been increasing on lighter volume and that told me that a drop is due. See Accumulation/Distribution
I got filled at $45.74 at the open and locked in a gain. This will still be on my watch list for a while either way the earnings announcement goes
