ACTION:
Buy Limelight Networks (LLNW, $3.91, up $0.05) at current levels.
Dear Momentum Stocks Weekly Subscriber,
I have a New Trade this afternoon for the Momentum Stocks Weekly portfolio. It is a name we were recently stopped out of, but shares continue to show strength.
The stock is just below $4 and could make a run to $6-$7 over the next six to 12 months.
Buy Limelight Networks (LLNW, $3.91, up $0.05) at current levels.
I like shares at current levels, but I will wait to possibly write call options against the position. A move above $4 would be very bullish. I will provide the parameters of the trade in Monday’s update.
All prices given in this update are current as 2:10 p.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!
Rick Rouse
Editor
Momentum Stocks Weekly