Earnings coming up tomorrow. I was shorting this stock when it was in the mid to high 50s all the way down to the low 40s. I am now a buyer at these levels.
RSI in the oversold territory. MACD flipping to green. Seems to be holding a gain on high volume even thru a TERRIBLE day for the market.
Its always a little nerve racking buying something on these "market crash" days, but remember buy low sell high is the name of the game. Also earnings tomorrow could easily make or break this play so I'm not getting too crazy with the buy button. However if investors like what they hear tomorrow, I think we can see 40s again very quickly
RSI in the oversold territory. MACD flipping to green. Seems to be holding a gain on high volume even thru a TERRIBLE day for the market.
Its always a little nerve racking buying something on these "market crash" days, but remember buy low sell high is the name of the game. Also earnings tomorrow could easily make or break this play so I'm not getting too crazy with the buy button. However if investors like what they hear tomorrow, I think we can see 40s again very quickly
Trade closed manually:
Sold a good chunk today in the 41.50 levels. Not quite to 42, but when you are up 15%+ in one day it is always a good idea to take profits.
That was a nice beat on the earnings call! I will hold the rest in case of a continuation into the 43/44 levels
That was a nice beat on the earnings call! I will hold the rest in case of a continuation into the 43/44 levels
Trade closed manually:
Got 43s and exited out of a bit more of my position. Got rejected at the 50 day SMA today. Could be the end of the nice run. If not, still holding a bit more with a trailing stop loss.