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Long-Term Trades- Completed

The “Long-term Trades- Completed” category lists trade ideas from the Long-term Trades category that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades category either upon hitting the final target or if stopped out before then. Once removed from the Long-term Trades- Active category, these trades and all associated posts will be archived indefinitely in the Long-Term Trades- Completed category for future reference.

Jul 312015
 

ASPS (Altisource Portfolio Solutions S.A.) offers an objective long entry here on the backtest of the 32.88-35.20 support zone.Suggested stops for those only targeting T1 (200-day ema) would be on any move below 32.78 while the suggested stop for those targeting T2 (46.90) or T3 (61.43) would be on any move below 31.05 (or the 32.78 level could also be used for a relatively tight stop for those targeting T2 and/or T3).

ASPS stock chart

ASPS daily July 31st

The 200-day ema, which has capped all advances since April 2014, currently comes in around 41.29 (about 24% above current levels) although keep in mind that the 200-day moving average is dynamic and will move higher along with ASPS, should this trade play out, therefore providing a gain of well over 25%, if hit). As my price targets are usually set slightly below the actual resistance level in order to minimize the chances of missing a fill, should the stock reverse just shy of resistance, T1 will be set 7 cents below the 200-day ema.

ASPS recently reported earnings on July 23rd so we have a few months to worry about any earnings induced gaps. Due to the above average return potential (80+% gain to the final target, should it be hit), ASPS will be added as both an Active Long Trade (i.e.- swing trade) as well as a Long-term Trade (trend trade/investment). Although the stock is trading down sharply today, this trade does offer an extremely attractive R/R with minimal downside if stopped out and relatively large profit potential.

 July 31, 2015 12:27 pm  Completed Trades - Long, Long-Term Trades- Completed Tagged with:
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