05 Feb
Sold LOWES - small profit
I’ve been watching the technical indicators carefully since analyzing and buying Lowes (LOW) stock. It’s not that I’m super worried about my calculations as my sticker price is in the range of $32-42. The stock is no where near these values, however, the market is so volatile right now that it could drop quickly and for no real reason (good old Mr. Market).
Anyway, today I received the signal to sell. To determine when to sell I’ve used the following tools:
- 10 day simple moving average
- Slow Stochastics
- MACD (with 8, 17 & 9 as my settings)
Looking at the chart below we can see that all three symbols are trending downward today.
So, I followed the Book Rule #1 advice and sold. I’m now waiting and watching the symbols for them to tell me when the big guys are getting back in.
- Sold - 25 shares @ $24.60 = 615 - 9.95 (trade fees) = $605.50
- Total Profit = $605.50 - $567.45 = $38.05
Posted
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Tuesday, February 5th, 2008 at 10:37 pm under
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