ACTIONS:
The $12.45 Stop Limit has triggered on Flextronics (FLEX) common stock.
The $0.54 Stop Limit has triggered on the FLEX July 13 calls.
Dear Momentum Stocks Weekly Subscriber,
Shares of FLEX tried to hold $12.50 today, but the break below this level has triggered our Stop Limits.
Flextronics (FLEX, $12.47, down $0.20) common stock
Original Entry Price: $12.24 (3/2/15)
Lowered Price from Selling Options: None
Exit Target: $15.00
Return: 2%
Stop Target: $12.45 (Stop Limit)
FLEX July 13 calls (FLEX150717C00013000, $0.50, down $0.10)
Entry Price: $0.50 (3/2/2015)
Exit Target: $1.00
Return: 8%
Stop Target: $0.54 (Stop Limit)
Action: The Stop Limits on both positions have triggered, and we are now out of both trades.
All prices given in this update are current as 1:00 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