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Making Money Swing trading Top 25 Stocks: PRNB

4
PRNB was in Top 25 ranked stocks by momentum on 12/13/2019 and was also good Anticipation setup. Entered next day on breakout at 50.66. Stop was 1 dollar. 

Stock closed near high and since then up over 7 dollar . I am still holding this trade with stop to protect 5000 dollar profit out of $7000 plus profit.


This is an example of A quality swing setup. These kinds of trades show up on Top 25 stocks. Entering them on breakout day or entering next day at open works on them.

This is 1.79% risk trade to start with. That fits well with my approach of finding trades with less than 2.5% risk.

Top 25 stocks with momentum offer you very good swing trading opportunities and allows you to plan trades.
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4 comments:

FX Crusader. said...

I never see this PRNB in your stockbee 50 list. How do we calculate this top25 list?

Pradeep Bonde said...

I use a 30 plus price to rank top 25 stocks as lower priced stocks tend to dominate the 50 list.

FX Crusader. said...

Are the ranking by yearly % growth ?

Pradeep Bonde said...

No by quarter momentum