Stop Limit triggered on Flextronics International (FLEX, $10.98, down $0.31).
Dear Momentum Stocks Weekly Subscriber,
I have a Profit Alert on a trade that triggered my Stop Limit late in Monday’s session ahead of the closing bell. The return was 21%.
I will be looking for a candidate to replace Flextronics (FLEX) in the portfolio. I could have a New Trade alert at some point, so check your email inboxes throughout the week. Even better, sign up for SMS text message alerts to be notified while you are on the go.
Flextronics International (FLEX, $10.98, down $0.31)
Original Entry Price: $9.12 (10/21/14)
Lowered Price from Selling Options: $9.12
Exit Target: $15 (closed at $11 on 12/8/2014)
Stop Target: $11 (Stop Limit)
Action: Shares held $11 for much of Monday’s session before the stock triggered its Stop Limit just ahead of the close. The dip was disappointing, but locking down double-digits profits in a little under two months certainly isn’t.
All prices given in this update are current as of 9:00 a.m. EST.
Every new Momentum Stocks Weekly recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Momentum Stocks Weekly