ACTION:
Buy TiVo (TIVO, $11.00, up $0.10) common stock at current levels.
Dear Momentum Stocks Weekly Subscriber,
I have a new trade for the portfolio on a stock that has cleared $11. My near-term target is $12-$13 on continued momentum.
The stock trades options, but I will wait to possibly make this a covered-call trade.
Buy TiVo (TIVO, $11.00, up $0.10) common stock at current levels.
I like the stock at current levels. Shares have traded to a high of $11.11 today, and I’m targeting a 10% return for the trade by next month. The company recently reported great earnings, and I will cover the fundamentals and chart work in next Monday’s update.
All prices given in this update are current as 2:40 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