Monday, January 22, 2007

Today's Trade: FTEK

I bought 500 shares of FTEK at $25.16. I did not get too complicated in my analysis on this one. The stock has been in a nice uptrend and closed strong on Friday after testing the 50 day MA. I love when stocks make a long tail and close strong off of a major moving average in the midst of a solid trend. I placed a stop under the 50 day MA ($24.50), with my initial target at recent highs ($28). That makes for almost a 4:1 reward vs risk.

2 comments:

Anonymous said...

Hey...

I own shares in FTEK...I had two buys...Both in Oct. on the breakouts.

This is a CANSLIM play.

Market Speculator

The Market Speculator said...

Nice!