Trade Alert: Flex (FLEX)

ACTION:

The Stop Limit at $9.00 in Flex (FLEX) triggered.

Dear Momentum Stocks Weekly Subscriber,

I have a Trade Alert for Flex (FLEX), as the Stop Limit triggered on today’s pullback.

Flex (FLEX, $9.10, down $0.15)

Original Entry Price: $12.55 (5/19/2015)

Lowered Price from Selling Options: None

Exit Target: $15.00+

Return: -28%

Stop Target: $9.00 (Stop Limit)

Action: As a reminder, the Stop Limit at $9 triggered on today’s pullback to $8.85.

Although I’m slightly disappointed, the portfolio is getting light and there are some bargains in stocks right now. I still like short positions, as well, so stay patient as I could open new trades this week.

Today’s market action might signal a short-term bottom but there is still dust in the wind we need to wait for to settle.

All prices given in this update are current as of 4:15 p.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

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Trade Alert: Flex (FLEX)

CFTC Disclosure: