ACTION:

The Stop Limit of $20.00 triggered on Rapid7 (RPD).

Dear Momentum Stocks Weekly Subscriber,

I have a Trade Alert on Rapid7 (RPD) this morning following Tuesday’s drop below $20.00.

 

Rapid7 (RPD, $19.80, down $0.63)

Original Entry Price: $24.35 (7/28/2015)

Lowered Price from Selling Options: None

Exit Target: $27.00-$30.00

Return: -18%

Stop Target: $20.00 (Stop Limit)

The Stop Limit of $20.00 triggered on Rapid7 (RPD) late in Tuesday’s session on the drop to $19.19 going into the close. Although I’m disappointed that this was the first loss of the year for the ­Momentum Stocks Weekly portfolio, I set the stop to limit losses on this fresh IPO in case there was a pullback into the teens.

 

All prices given in this update are current as of 8:00 a.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). 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