Barker
Long

MTZ oversold stochastic Daily and Weekly entry 28.69

NYSE:MTZ   MASTEC INC
97 3 2
http://www.stocksetups.com
I'm pretty new at trading; did you buy call options to make it worth getting in and out so quickly? Sorry if that's rude, I'm just trying to learn. I really like your charts; very informative.
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Barker ScubaArtiste
No, no problem. I wish all my trades were this quick. I did not take any options on this trade.

I'm not very familiar with MTZ and decided to let the 60 minute stochastics take me out the trade. (in the well overbought position) As we were heading into the close I decided to cash out.

I'm very happy taking 1.21 off an intraday trade. The trade was 500 shares. So I was happy to clear $500 on the trade.

Going forward, I'd like to watch and see how MTZ reacts here. I see a little resistance right here at 30.
I would not be surprised to see a analyst downgrade come in over the next few days. A downgrade here might give us a good opportunity to pick up some shares a bit cheaper.
Reply
Normally I'd hold for my target but I got such a great fill this morning that I just sold my position.

Out 29.90 +1.21

I'll look for a re entry either after hours or tomorrow.

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