In going through the many trade ideas on the site today, I came across PBI in the Active Long Trades category. This trade was last updated on Sept. 14th when it had hit T2 for a 13.3% gain. At that point, I had suggested booking profits or raising stops as a pullback or consolidation was likely. Since that point, the stock pullback back past the former first target level and well beyond and reasonable stop level but I had taken this stock off my radar (I sold my position at T2) and was remiss in removing it from the Active Trades [...]
PBI made a perfect kiss of T2 today for a 13.3% gain in just 7 trading sessions. T3 remains my preferred target although i would consider raising your stops and/or booking some profits, as the stock is likely to pullback or consolidate under this level before building the energy to fill that thin zone between T2 & T3, especially in light of the recent nearly vertical run.
PBI has hit the first target today. shorter-term traders might consider booking full or partial profits on the quick 6%, 3-trading session gain while longer-term traders or investors might considering raising stops if holding out for one of the higher targets.
the PBI long setup has triggered today. targets remain as previously market.
i am adding PBI as a long trade setup as well as a long-term trade (investment idea). shorter to intermediate term swing traders could shoot for T1 or T2 on the daily chart while longer-term traders or investors might hold out for T3 on the daily (17.40) which is also the horizontal line/potential first target on the weekly chart shown below. also note how the stock seems to be forming a very large falling wedge type pattern on the weekly and as with the daily chart, nice positive divergences are in place on the oscillators below. entry would be on a [...]