I entered into this trade at $129.07/Share and sold it today at $137.61 for a 6.62% gain.
My stop was at $125 and my target was $140. 2.69 was my R.
Based on STO, the stock is still overbought. With the market the way it has been, consolidating, I figured it would be a good time to get out in the short run.
This chart has been relatively solid the past three or so years. I will be looking for a reentry point as it nears oversold.
Until then, I'll be sitting in cash and looking for other setups.
Labels: Featured Stocks, Finances