SR618

ENV - looking for a little more of a pullback.

Long
NYSE:ENV   Envestnet, Inc
0
Pullback
Stop n/a
Pivot L/H n/a
ATR 1.18
Stock ENV
Entry Date Watching
Exit Date
Cost Basis $43 to $42
Current Price 45.14
%Gain 0.00
Closed %Gain 0.00
Fundamentals Approximately,EPS Due Date 11/4/14
EPS Rating 98
SMR Rating A
Technicals Horizontal S&R 0
Channel S&R yes
MA S&R 20MA=.2 50MA=.5 200MA=1 ok
Pearsons R >87 no
Price within Fib Ret..62 ok
T1 Osc -1.38 ok
T1 Fbar Stoch turn / crossover >= 80% ok
Stoch have not yet crossed 50 no
Group Leaders / Industry RS ok
Group Leaders / Industry bk + lpla + seic
L / S / Strategy / Time Frame long / pullback / daily
Symbol ENV
My Trade Rating 68%


I like the long because of the good R/R and strong fundamenals, but stoch already overbought and the stock really hasn't gone anywhere. Furthermore, I don't really see any solid support at this level. After analyzing my data, I am now a little less liking the long at these level. Thus i will wait until it retest the lows near 42.50 and hopefully makes a mini double bottom in the prevailing uptrend.

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