I like PALM as a short setup on a bounce. Would have liked to see more volume on the break, but still would offer good risk/reward.
Broken Trendline: PALM
Trades: POT, DZZ and NFLX
As noted in comments, I made a few trades.I covered 100 shares of POT at $194.36 (short entry at $208.77) for a $1441 gain (+6.8%). The stock was 4 points from my target, but today's drop was too good to sit back. I may enter again on a bounce.I exited 400 shares of DZZ at... Continue Reading →
Broken Momentum Stocks
It is inevitable that most momentum stocks will fall just as far as they climbed. Many investors and traders end up losing most or all of their profits either holding on or continually playing the bounces in these stocks. Here are 9 recent momentum plays that are showing signs that their incredible runs are over:
