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Dear EarningsBeats Community Member.
First, I want to make sure you get a copy of the recording from Monday's 2019 2nd Half Market Outlook featuring StockCharts.com Senior Technical Analyst Tom Bowley. REALLY worth watching so here is a link to the recording.
https://www.earningsbeats.com/public/2019-2nd-Half-Market-Outlook.cfm
Putting Profits in your Pocket
We issued a long alert to our members on ROKU on July 2 with an entry price of $92.59, a price target of $108 and a stop of any close below $85. The stock did not disappoint. Instead once it had pulled back and tested its 50 day moving average after rocketing higher we saw an opportunity to take advantage of the pullback which is when we issued the trade alert.
You can see that we issued a profit alert short of our price target but after the stock has risen close to 10% over just a few trading days. The stock continued to move higher but that was fine with us as we suggested to those who continued to hold to raise their stop in case of a pullback. Bottom line is when you get such a strong move over a short period of time you should consider booking at least some profits, not worry about what was "left on the table" and move on to the next profitable trade.
At your service,
John Hopkins
EarningsBeats
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