Current price: $12.80
Purchase price: $12.80
Num. shares: #200
Total cost: $2,560
Option: 15th June $15.00 Call
Price per option: $1.19 (credit, you get now), total $238
Contracts: #2 x 100
Total cost: $119
*Estimated returns- BRS at $12.80 on 16th mar 2018
Entry cost: $238 (net credit)
Max. Risk: $2322 @ price of $0.20
I do not make predictions beyond the stars, I do not draw arrows indicating that the price will reach the sky, because this is not about being right.
I only work with the information of the now, and I have the humility to accept that I am always one step behind the price and also wrong.
But here I have a situation and is that based in the price action, without...
BR looking very interesting short setup. It seems forming downward momentum & it has good down side potential.
* Trade Criteria *
Date First Found- July 6, 2017
Pattern/Why- Momentum Short setup
Entry Target Criteria- Break of $73.34
Exit Target Criteria- $64.23
Stop Loss Criteria- $77.33
Please check back for Trade updates. (Note: Trade update is little...
BR is a low volume stock I would not trade. But it is trending well so may be of interest to those of you who are happy/able to consider a position here.
This stock has been trending fairly well since breaking out of the 2007-2013 consolidation at just above $25. Price action can be a little unpredictable but this is to be expected with a low volume and fairly...