MomentumOptionsTrading.com Weekly Wrap Trade Alert (LLNW) Update for 6/9/2014

2:00pm (EST)

I have an update on a New Trade for the Weekly Wrap that was started this morning on a hot single-digit stock.

I have been playing the upside action since shares were at $2.16 at the end of May and my near-term and longer-term targets are $4-$5. Shares cracked $3 on this morning’s open.

Subscribers, check the Members Area for the update!

MEMBERS AREA

New Trade!!!

Limelight Networks (LLNW, $3.00, up $0.12) stock trade

Original Entry Price:  $3.00 (6/9/14)
Lowered Price from Selling Options:  None
Exit Target:  $5
Return:  0%
Stop Target:  None

Action: Shares traded to a high of $3.19 shortly after the open and triggered my limit order to open another position.  Shares have fallen back to entry levels prices if you haven’t started new or continued positions.