This is a daily chart on $BROS but if you look at the weekly it has regained the 30 week around $53.20 or so (it moves as the stock moves). Both the 10 and 20 EMAs are rising as is the RS Line. It is however still below the 50 DMA which might be a safer entry. But, I've taken an early entry this morning and I'll place a stop on a close below the 30 Week MA. Ideas, not investing / trading advice.
Comment:
I said 30 Week above... not the 30 but the 10 week MA. This stock has not been trading for 30 weeks. Sorry about that.
Trade closed manually:
I tried holding this but the market is not giving high PE names any slack. Closed @ 51.50. Back on the watch list.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.