AbbVie Inc.Pembelian
ABBV looking to continue it's upside crawl
Diupdate
In full disclosure I have an open position in this name and will look to add another position on break over the 200 MA. As you can see I've drawn in a pennant that just broke to the upside today, 10/17.
I'd keep a tight stop on a new entry at $72.80 at first, then after it's a few $$ in profit I'd trail it with the 200 MA. I'll treat any addition to my position as a completely new trade. A word of additional caution, there was a gap not yet filled back in June. This could act as additional resistance.
I have a core position for the dividend which at this point is worth a 5.7% yield (my cost basis in the core position is much lower so my yield is about 6.5%). I'll wait for this stock to recover into the $100 range. (Too much info, LOL) Target on this trade $82.00. Ideas, not trading advice.
I'd keep a tight stop on a new entry at $72.80 at first, then after it's a few $$ in profit I'd trail it with the 200 MA. I'll treat any addition to my position as a completely new trade. A word of additional caution, there was a gap not yet filled back in June. This could act as additional resistance.
I have a core position for the dividend which at this point is worth a 5.7% yield (my cost basis in the core position is much lower so my yield is about 6.5%). I'll wait for this stock to recover into the $100 range. (Too much info, LOL) Target on this trade $82.00. Ideas, not trading advice.
Trade aktif
10/21 Added to position as a NEW trade with strength over the 200 ma in at $77.44. I'll use the stop above until a couple $$ in the money then use the 200 MA as a trailing stop. Risk reward is a lot shy of what I normally look for but as mentioned above, I'm already in the name and like how it's been behaving. Even though target is $82, I'll trail at the 200 until I'm stopped out... maybe after $200? LOL.Trade aktif
11/13 - I closed 1/3 of my position today for a sizable gain and to simply to take some money off the table. I'm letting the 2/3 position run now until or unless there is a reason to sell. Still using the MA as a trailing stop.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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