Bought 15% HAL $25.08 Stop @ $23.85 Target @ $31.90 HAL is rallying today based on the sharp rise in oil prices due to the US/Iran “issue”. Hard to know right now if this will escalate and drag oil even higher, but HAL’s chart was already looking good, breaking out of a strong resistance level. Good reward-to-risk here.
Bought 15% ALGN $280.20 Stop @ $269.90 Target @ $334.64 ALGN has been threatening to break out of this level for weeks. The market move this morning could finally get it going. Solid support underneath and lots of upside to next resistance levels gives us good reware-to-risk here.
Bought 15% WBA @ $59.20 Stop @ $57.80 Target @ $63.14 (initially, but possibly closer to $71) Nice buy signal a couple days ago with a move through the 20- and 50-DMAs. Additionally has a trendline that has been holding since August. Decent cycle timing as well. Should see a move up to ~$63.14, but will watch closely to see if we can move the target higher, maybe to around the $71 level.
Gold and Silver are trading higher again this morning, so we’re going to take the opportunity to move all our metals related stock’s stops higher again this morning. All are off to a good start so we can move them all into positive territory now. RGLD stop $117.89 GOLD stop $17.75 PAAS stop $22.29
We sold to close MRO at $13.70 (+12.4%), just 5 cents under our target. It’s trading just under the 200-DMA, and with a holiday we don’t want to leave it hanging so close to the target.
Wanderer trades having another really good day here. We’re going to move some stops up again. MRO stop $13.07 AND target $13.75 NVDA stop $234.88 PAAS stop $21.49 GOLD stop $17.19 CDNS stop $69.19 Please double check the portfolio page for all stops and target prices. We feel like we are well positioned in the metals now. We’ve got a solid 9% winner going in PAAS. GOLD has turned positive, and now we’ve got RGLD. … read more Trade Update
Bought 10% RGLD @ $117.20 Stop @ $112.89 Target $137.90 Gold mining indexes are triggering buy signals today, and gold itself is breaking solidly back above the 50-day. We’re going to take the opportunity to add another gold mining stock here. RGLD buy signal today as it breaks cleanly out of a period of consolidation and right through the 20- and 50-DMAs.
We’re going to move some stops higher again, as well as recap the trades briefly in a video. CDNS stop to $68.62 NVDA stop to $224.69 MRO stop to $12.95
Time to move stops higher again: MRO stop to $12.89 and moving target down to $13.79 NVDA stop to $221.80 PAAS stop to $20.89 CDNS stop to $67.86 MRO is up close to 10% now. We broke through resistance and appear to be headed for the 200-DMA, which is our target.