ACTION:

The Stop Limit at $2.25 triggered on Rigel Pharmaceuticals (RIGL).

The Stop Limit at $12.75 triggered on Rambus (RMBS).

Dear Momentum Stocks Weekly Subscriber,

I have Trade Alerts this morning for two of our positions that fell below their Stop Limits on Tuesday. Although I’m disappointed that these trades didn’t work out, it gives us room to possibly add some faster-moving trades.

 

Rigel Pharmaceuticals (RIGL, $2.26, down $0.07)

Original Entry Price: $3.51 (6/2/2015)

Lowered Price from Selling Options: N/A

Exit Target: $4.00-$5.00

Return: -36%

Stop Target: $2.25 (Stop Limit)

Action: The Stop Limit at $2.25 triggered on yesterday’s pullback to $2.23, and we are now out of the position.

 

Rambus (RMBS, $12.84, down $0.09)

Original Entry Price: $17.83 (11/14/2011)

Lowered Price from Selling Options: $16.38

Exit Target: $15.00+

Return: -22%

Stop Target: $12.75 (Stop Limit)

Action: The Stop Limit order was triggered on Tuesday’s test to $12.75, and we are now out of the position.

 

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