Posted On: 01/19/2014 3:05:18 PM
Post# of 2561
WWAV Daily Chart ~ New High Last Week
I sold my last 200 WWAV as the chart appears to be a little toppy to me. Not a huge gain, but 12.7% for a big board over 30 days isn't bad. I'd rather err on a profitable trade than try to squeak out a few more dollars and end up being on the wrong side of a trade. With the trading history of this particular stock, it could easily pull back to the previous high of 23.64. If it does correct but doesn't hold there, it could turn into a losing trade quickly. So I would rather watch what happens over the next few days. No doubt, WWAV is an excellent company with a solid business plan. But I'll stick with locking in profits when I begin seeing the FullSto and MACDs begin their curls for lofty levels. GLTA
Here's my exit:
I sold my last 200 WWAV as the chart appears to be a little toppy to me. Not a huge gain, but 12.7% for a big board over 30 days isn't bad. I'd rather err on a profitable trade than try to squeak out a few more dollars and end up being on the wrong side of a trade. With the trading history of this particular stock, it could easily pull back to the previous high of 23.64. If it does correct but doesn't hold there, it could turn into a losing trade quickly. So I would rather watch what happens over the next few days. No doubt, WWAV is an excellent company with a solid business plan. But I'll stick with locking in profits when I begin seeing the FullSto and MACDs begin their curls for lofty levels. GLTA
Here's my exit:
| 01/17/14 | Sold | 200 of WWAV @ $24.7042 (Order #416) | 4,932.76 |
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