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.
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
2019-03-23
I closed out the position today, because of the overall market conditions. I was up about 4% on Thursday 03-21 and Friday the gain that had disappeared in the general market breakdown.
I got filled at $44.94
45.95 - 44.94 = -1.01 / 45.95 = -2.2%
