This Trade has a 3:1 Reward:Risk ratio. My stop is placed at a old support and belows the 50 .
I have no idea why this stock is down so much but according to a teamate of mine Mr. Brad "the Dad" Reed it has paid a dividend every quarter for 23 years! Buy this low, keep your stop in place and follow it up while getting a solid dividend
There is massive upside potential. If anyone knows why this stock has been beat so badly email or send me articles.
Not sure how I messed up on my math in the original analysis but the Reward:Risk Ratio was a little less than 2. Anyway this was a nice win. I will look to get back in this trade on a retest of the 200 simple on the daily.