Reliance Steel (RS), gapped up this morning in PRE-MARKET, on strong volume. I was watching pre-market, and entered a limit order of $36.01. I saw the stock having strong volume, 200% increase compared to the typical volume, which is a good sign. My target of $38 was hit 4 bars later, AFTER THE OPEN, on a 15 min timeframe.
I ran a stock scan on Stock Charts this morning around 2:30am as I could not sleep and I found this under CCI Buy Signals. Check my previous blog entry for the full trade-idea analysis.
The trade netted 1.99 points.
Shares: 500
Gross Profit: $995.00
Another Trade Idea! (Longer Term View)
If you had to pick 3 companies to invest in over the next 10 years and not touch the investment throughout the duration, which would they be?
Here's mine: Google (GOOG), Apple Computer (AAPL), and Starbucks (SBUX)
The growth potential for these companies are outstanding, and I don't see these stocks as being trendy, as demand will/should only increase.
Let's take a look at one of the aforementioned stocks...
Starbucks (SBUX)
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4 comments:
If you entered a limit order at 36.01 how did you get filled? The price opened well above that. Trying to figure out how you bought that low this morning.
Great job Cal. Good divergence call. I've been missing a lot of those lately for some reason. ;)
I placed my order in the pre-market session. 8am, early bird gets the worm, then it opened at $37.70. If you catch good ideas before they happen, you can watch them fall into place..
Thanks for your interesting post.
You'll see that we've updated our view on Google to give an alternative, somewhat more miserable view.
This is a neat site with diverse content and we'll keep reading!
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