Note that I've been going with smaller positions sized of late. Most of the indices are hitting the top of their trend channels, so I am expecting a pullback in the near future. Specific to DXPE, it's in the midst of it's second breakout from it's base, causing me to be a little more cautious.
I sold 250 shares of TSL at $55.47 (entry at $51.07) for an $850 gain (+6.6%). My initial target was $60, but I'm not happy with the volume on the upmove. This leads me to believe this move is a dead cat bounce that will continue to breakdown, rather than a reversal upswing.
2 comments:
If you don't mind me asking, what do you use for a stock screener?
FT
I find my candidates a number of different ways. Here are a few:
sector analysis: look at top performing sectors and view indivdual stock charts.
high volume gainers: I look at stocks that made big volume gains, and narrow list to stocks that moved past resistance levels.
Percentage gainers, price: Same as above, looking for stocks pushing past resistance
Earnings and Upgrades: Look for stocks making moves based on earnings and upgrades. These are good breakout-pullback candidates.
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