MomentumOptionsTrading.com Weekly Wrap Profit Alert (BSX) for 1/27/2014
2:25pm (EST)
We have action to take on a trade in our Weekly Wrap newsletter.
We stride for monthly double-digit gains for the newsletter and after a surge to new highs and now a pullback, Boston Scientific (BSX, $13.27, down $0.07) made us 8%.
We still like the company for the longer-term and will keep the stock on our Watch List as another push past $14 would suggest another breakout. A close below $13 would suggest further weakness and today’s bottom has been $13.04.
Our Track Record for the Weekly Wrap is now 7-1 for 2014, 92-8 over a 3-year period.
Subscribers, check the Members Area/ Weekly Wrap Premium section for the update and stay close to your email inboxes into the close in case we have additional Profit Alerts or possible New Trades!
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Boston Scientific (BSX, $13.27, down $0.07) Stock Trade
Original Entry Price: $12.29 (10/21/13)
Lowered Price from Selling Options: $12.29
Exit Target: $15
Return: 8%
Stop Target: $13.25 (Stop Limit)
Action: We raised our Stop Limit to $13.25 over the weekend to protect profits. Shares opened at $13.35 and drifted to a low of $13.04.