Entered long Avago Technologies Ltd $AVGO

Entered Avago during trading day, not normally something I do and in the past I have lost money doing it. Im feeling sort of emotional and feel the need to do something. That being said, the there is still a trade plan with an entry and exit. It still meets the parameters of a potentially good trade as set …

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Exit long $CMN

Exit $CMN Broke 50 DMA on Average volume 4 time closing below 50 DMA in nine sessions Broke through 10 and 50 day Donchian channel Below stop 41.55 Volume average is 132K which for us is to low.   $CMN does not appear to be showing strength and appears lately to be spending more time …

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Medtronics $MDT bought $COV in inversion transaction.

This morning I looked and noticed that $COV was no longer in my portfolio and $MDT was. I found that a bit strange. So after checking, I discovered that $MDT bought $COV . This has not happened to me before so the things that I noticed. I now own shares in $MDT There was additional cash in my account …

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Review of open positions 01/23/2014

 Trying to guess the direction of the market, and by extension a particular stock, is a tricky game at best. After weeks of small losses and what appeared to be indecision on which way price was going. We had, on Thursday, a huge updraft creating nine new all time highs. Of course Friday was not as kind …

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Enter Long Consolidated Edison $ED, AETNA US Healthcare $AET

Just can’t help myself; A crazy market and these things keep saying “Buy me, Buy me.” The examination of $AET $ED is done together because of their similarities. New 50 day high New all time high Recent break out from long consolidations. One month recent consolidation Showing strength on down market days. Rising RSIs Long term uptrend Support …

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Entered long Avago Technologies Ltd $AVGOExit long $CMNMedtronics $MDT bought $COV in inversion transaction.Review of open positions 01/23/2014Enter Long Consolidated Edison $ED, AETNA US Healthcare $AET

Jan 29

Entered long Avago Technologies Ltd $AVGO

Categories:

Entering, Moving average

by

Entered Avago during trading day, not normally something I do and in the past I have lost money doing it. Im feeling sort of emotional and feel the need to do something. That being said, the there is still a trade plan with an entry and exit. It still meets the parameters of a potentially good trade as set out below.The only thing is that it may be an early entry.

  • Stop 96.25 Risk reward 7.75%
  • Consolidation started in December 2014 after gap up
  • New high Jan 28 (Yesterday)
  • Above 50 DMA
  • Long term up-trend

Getting in yesterday at the new high would have exceeded our risk reward parameters. The correct time to have bought here would have been 1/8/15 when $AVGO it closed at a new high. The pull back today gave us another chance to get in. We could use 103.82 as an aggressive stop, however it would not give us the 50 DMA as protection. With the market whipsawing , We prefer a lower risk which is where we set the stop.

$AVGO CHART

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