Sold 1/3 of our CDE @ $5.67 Move target on remaining 2/3 up to $6.49 Move stop on remaining 2/3 up to 5.39 Big one day spike in CDE here. We’re going to take advantage of that to get some profit booked and move the target and stops higher.
Bought 15% CDE @ $5.15 Stop @ $4.89 Target @ $5.80 Gold appears to have put in a daily cycle low a few days ago, and is giving us some nice buy signals today. CDE has busted up through the 50- and 20-DMAs and should head back up to the highs.
Bought 15% XEL @ $64.07 Stop @ $61.93 Target @ $69.89 XEL has been on a nice steady uptrend. Coming off of a pullback to support here and breaking through the 20-DMA with all of the major moving averages rising. $62 level should provide good support on a pullback, if there is one.
Bought 15% PAYX @ $83.20 Stop @ $80.85 Target @ $89.90 PAYX came nicely off of the 200-DMA last week, and has punched through the 20 and 50-DMAs now. Still has a bit of a downtrend to punch through, but once there should have nice upside.
Moving BIDU stop up to break-even at $109.65. Today is the 3rd day in a row of lower highs and lower lows, and with markets acting weak here at resistance levels there is no reason to let a positive trade go negative. Overall, the chart still looks okay. If we do get stopped out this one will remain on our radar for a reentry if market conditions turn around.
Moving Stops Higher: TXN stop @ $128.29 T stop @ $37.39 WYNN stop @ $113.95 BIDU stop @ $105.29 TXN has broken through to new all-time-highs. Chart looks very strong. We booked 1/3 profit yesterday at $130.00, and are holding remaining 2/3 with target @ $137.90 T continues to look strong. Closing in on our target of $39.59. WYNN has been climbing steadily. Filled the gap yesterday and punched up to the 50-DMA this morning. … read more Trade Update
Sold 1/3 of WYNN @ $119.65 Stock is running up into resistance at the 50- and 200-DMAs. If it punches through here we should get a nice run with the remaining 2/3. Overall market is up at resistance levels as well, so there is just a bit of added pressure and good reason to get a little profit booked.
Sold 1/3 of our TXN position at $130.00. It’s possible that the stock is putting in a 2B top here, so we’ll get some profit booked and give the other 2/3 some more time to punch through this resistance.
We’re moving stops on 3 stocks up today: TXN stop up to $123.93 T stop up to $36.95 BIDU stop up to $103.69 All five positions are positive, and we’ll keep moving stops up to protect profits as much as possible while also giving the stock enough wiggle room to allow a down day or two without getting knocked out. Let’s quickly recap the current trades. TXN is currently up 2.6% and holding the uptrend … read more Trade Update
Bought 10% BIIB @ $234.00 Stop @ $226.49 Target @ $264.90 BIIB is coming off a nice bullish 2B bottom last week, and popping through the 20-DMA and now the 50-DMA. Nice buy signal here with plenty of upside potential. Could see some resistance at the $244 area, but eventually this should get a strong breakout. We’re targeting the 200-DMA for now.