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VHI Growth & Income Trade Completed

VHI- This is was what I refer to as a hybrid-trade. VHI was posted as both a regular Swing Trade (long) setup as well as a Growth & Income Trade setup (which is a sub-category of the Long-term Trade ideas) in this post on Feb 29th. VHI went on later that day to trigger the stated entry of a break above 1.27, exploding from there to hit T1 the following day for a 21% gain & continuing its near-vertical ascent to hit T2 for a 39% gain just 4 trading sessions later. Immediately after hitting T2, VHI reversed trend, moving lower since, exceeded the suggested stop of a 60-minute below 1.18 on Tuesday of this week. I will add that VHI is close to back-testing the primary downtrend line & longer-term charts still look constructive. As such, VHI might be added back as a new Growth & Income Trade idea soon.

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Mar 31, 2016 8:45pm|Categories: Growth & Income Trades- Completed|Tags: |Comments Off on VHI Growth & Income Trade Completed