I was wary of buying before the ER, but bought on Friday as the good ER should get this trending back up. Average share price 38.6898, looking at a stop loss of the previous days low (36.17) and possible target of 50 day SMA (43.37 now). They adjusted their dividend to a much lower amount, which is a good thing as the high dividend would've been unsustainable....
I'm still watching for the reversal, yesterday's Hammer was what brought me back to this stock. I watched during today's open, it opened nicely and I jumped in when it pulled back a bit. Ideally looking for this to close today above 35.62, but it would be even better if it closed above yesterday's close (35.83). Average share price including commissions is...
Looking for a bounce today off important support level 41.30. It dipped a bit below it but came right back up. I bought in with average share price 42.1998, stop loss at 41.30.
My stop loss got triggered on the last purchase, I may have jumped in a day early. This may still be early as there has been no confirmation of the trend reversal at this point, but the signs are getting better (longer lower shadow on the daily chart and trending up on the 15m chart). Stop loss was triggered early in the morning with the long red candle, but when...
I have been watching this daily for a reversal. Today due to what I saw on the 15m chart @ 1345-1500 (6 green candles) I decided to start a long position. Over the last couple of days the candles real bodies have been getting smaller, while the lower shadows have been fairly consistent. I'm thinking selling pressure is easing up, today's little bit longer lower...
I'm experimenting with trading long-term channels. You'll notice I'm being conservative with the top of the channel while doing the opposite for the bottom of the channel. Will enter trade Sep 7 with a buy limit of $50. S/L @ 47.18 but I may also exist when the price hits the bottom of the channel. Target I would say around the 55 area.
If you read this let me...
