The following long trades exceeded their previous suggested stop parameters last week and will be removed from the Active Trades Category: AAPL- Printed a weekly close below the bottom of the support zone on Friday. EXM- Exceeded both the suggested stop level of 0.72 on Friday. NM- Fell below the 4.12 suggest stop level early [...]
EXM recently pulled back and bounced right off support after coming within 5 cents of it's profit target two weeks ago. As the stock was very overbought, I view this as healthy behavior and as long as the stock remains above support (0.80), the trade still looks good. As the entry price on this trade [...]
as far as the shipping stocks, both EXM and EGLE will be removed from the active trades list. EXM had hit the 2nd target for a 32% gain, exceeded it by a decent amount and then reversed hard where a logical stop would have been triggered below either T1 or T2 (former resistance levels become [...]
EXM hit T2 for a 32% gain in just 3 trading sessions since it's breakout last week. i currently favor T3 but more active traders might consider taking partial or full profits while both swing traders and active traders might consider raising stops to protect profits.
EXM hit the first target (.65) for a one day gain of 18% from entry (total gain of about 35% on the day if anyway was bold/insightful enough to take it pre-breakout). therefore, consider taking full or partial profits and/or raising stops, depending on your trading plan.