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.
4 comments:
I never see this PRNB in your stockbee 50 list. How do we calculate this top25 list?
I use a 30 plus price to rank top 25 stocks as lower priced stocks tend to dominate the 50 list.
Are the ranking by yearly % growth ?
No by quarter momentum
Post a Comment