I sold 250 shares of EWZ at $56.47 (entry at $52.78) for a $922 gain (+7.1%). The reason for getting out is stochastics, RSI and OBV are printing divergences (lower highs) at the new high.
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I bought 400 shares of GMRK at $49.76. We have a low volume pullback of a trending stock from the recent high of $54. These types of pullbacks have held strong during the trend, and I'm betting that this one will be no different. I haven't decided whether to place my stop under the 50 day moving average ($46.72) or under recent congestion at $48.
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2 comments:
I also bought GMRK yesterday. Where did you set your stop?
I had it under the 50 day ma, but moved it up today.
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