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Brandon50115
Oct 9, 2017 9:33 AM

New product release could fuel IZEA on gap up Long

IZEA Worldwide, Inc.NASDAQ

Description

IZEA released its new product, ContentMine, which helps companies marketers more easily find, organize and share content. The stock saw a 13% gap up on Sept. 22. Profits from the new product could help fuel a continuation on the move up. As of now, RSI shows bullish strength and the stock is consolidating into a falling triangle on decreasing volume, signaling a possible continuation.

Personally, I'm long with a stop @ 5.45. I determine position size by the following 1% of portfolio/volatility(distance from entry to stop). If, I'm placing a position trade then my stop is 2ATR from entry, if I'm trying to place a short to mid-term trade, my stop is usually under an area of support.

Again, this is not advice or a suggestion to buy. This is just how I see the stock and what I'm doing with it.
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