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ABY First Price Target Hit for 8% Gain

ABY (Abengoa Yield plc) has now hit the first target, T1 at 17.98 for a 7.8% gain. Consider booking partial or full profits and/or raising your stops, depending on your trading plan. T2 remains the final target at this time with a suggested stop on a daily close below 16.50. Original & updated chart.

ABY was posted as both a Long Trade Setup (swing trade) as well as a Growth & Income Trade Setup on Feb 26th, going on to trigger an entry on a break above 16.68 the following trading session. The stock went on to make a backtest of the rising wedge pattern which was pointed out in the trading room by @ben711 in this post on Friday (nice spot & more favorable entry price Ben).

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One Comment

  1. whoops March 15, 2016 2:09 pm at 2:09 pm

    Randy, I was watching ABY for a pullback since your video. I like your income growth and ideas btw. Well this morning it pulled back to the 10 day and bounced fast. I picked up a few shares but did not give me much time. Wish I had more time but that has to be bullish. Hopefully this will be a longer term hold and they keep the div intact. Thanks for your ideas.

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