The Stop Limit of $4.10 triggered during yesterday’s late day pullback to $4.05.
Dear Momentum Stocks Weekly Subscriber,
One of current trades was stopped out during Thursday’s volatility. We had a Stop Limit of $4.10 set on Limelight Networks (LLNW, $4.10, down $0.13) that failed to hold late in the day.
Limelight Networks (LLNW, $4.10, down $0.13)
Original Entry Price: $3.91 (3/18/2015)
Lowered Price from Selling Options: N/A
Stop Target: $4.10 (Stop Limit)
Action: The Stop Limit of $4.10 triggered during yesterday’s late day pullback to $4.05.
I will likely be back in the trade soon as shares are still a “buy”. Remember, LLNW received a takeover north of $6 last summer and the content delivery network (CDN) space will remain a hot sector for years to come.
All prices given in this update are current as 8:00 a.m. EST.
I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Stock 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