ACTION:

Stop Limit triggered on Psychemedics (PMD, $14.49, down $0.04).

 

Dear Momentum Stocks Weekly Subscriber,

I have a Profit Alert on a trade that triggered my Stop Limit late in Thursday’s session before the closing bell.

I will be looking for a candidate to replace Psychemedics, or I may re-enter this stock at cheaper levels, as I still like the company.

 

Psychemedics (PMD, $14.49, down $0.04)

Original Entry Price: $14.45 (11/3/14)

Lowered Price from dividends: $14.45

Stop Target: $14.50 (Stop Limit)

Dividend Yield: 4.2% (60 cents/15 cents quarterly)

Shares fell below the $14.50 Stop Limit heading into Thursday’s close. Exit the position if you haven’t already done so.

 

All prices given in this update are current as of 8:30 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.

Trade on!

Signed

Rick Rouse
Editor
Momentum Stocks Weekly