Portfolio Adjustments New EMKR FEYE
I’ve gone ahead and made some subtle adjustments to the portfolio. AAL was trending and had hit 1x but I do not like the stock and wanted to sell off the remaining shares. I also sold off CHNR and JIVE for losses as they are not working. With the proceeds I started the following new trades.
EMKR – Is breaking a longer term trend and is consolidating recently giving me an opportunity to enter the name. I like the $7.50 level as a stop as noted on the daily chart below the weekly. Click to enlarge
FEYE looks to be bottoming. These have been dangerous and not working too well for me. I am going to give it another shot and have taken a position at $13.37 with a stop at $11.50. Click to enlarge