MU Stocks Trade Idea
The Trade of the Week will be considered live at 30.87
So set your price alerts for that level this week. Should the trade trigger, the suggested stop will be 29.55 and the suggested target will be 33.00. As always, size your own position accordingly so that the maximum dollar loss will equal the stop loss level of 29.55. The trigger point of 30.87 will remain live for this week only and expire Friday Sept 1.
This is a table showing the maximum profit for past 2017 Trades of the Week. Timing the top is impossible but this table shows how much alpha was possible when considering your personal exit of these positions. The trades outlined in red eventually hit their suggested stop prices, so you can see the importance of timing and harvesting profits along the way when you can, especially those that move above 10%. We will update this table when needed to bring data more up to date.
TOW Rules: 20% Rule. If a performance is up 10% and gives back 20%, take the 8 and run. (Profit Save, Trailing Stop).
Stocks that gap up over the entry price are considered up to the discretion of the buyer as to the entry price (WETF)