Solar power stocks has been on a tear lately and this stock is no different. It doubled in 2 months and the then corrected down close to its 30-day moving average. Bought 3,000 shares when price cleared the HAMMER reversal on 3/6. Closed the position on 3/13 when price started to retrace after a 10% move after the breakout.
Trade Details:
Bought 3000 shares @ $45.50 on 3/06/2007
Sold 3000 shares @ $56.52 on 3/13/2007 for a gain of +11.02 points. A 24% return.
6 comments:
Hi MC. Any word on sharing your trading routine with us? thanks.
Alex G.
Nice trade! That gives me an idea to setup some scans to look for hammers.
why only 3000 shares?
Pinoy,
Were you influenced by Tony Oz?
your style reminds me of him.
Great swing trade. Nice job! -TVH
Alex, I started writing the post but I need to edit/rewrite some part before posting.
Anon1, happy hunding for the hammers!
Anon2, I'm commiting 1/2 of my lot due to market conditions.
babak, I never ready saw Tony OZ's setups but I guest the setups tend to look the same.
TVH, thanks!
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