The following premium content was originally published on the Daily Decision - StockTrader Service on Friday, 21-Sept at 9:17 am
State of the Markets Daily Decision - Stock Trade Members:
It’s the last day of what has been a boring week – TGIF. At least pre-market futures are green this morning. Today, we’ll try to add Fiserv, Inc. (FISV). The NASDAQ 100 member ran through a multiple-top stop sign that turned the stock price back all summer long. In fact, the stock has traded in a fairly tight range since May, spending most of the time between $68 and $72. The longer the base, the bigger the breakout should be.
I also like that the move out of the box was accompanied by stronger than usual volume and an upswing for its MACD line. Let’s try to add the business services company at $73.53 or less.
P.S. We're on a nice run lately as we've closed 8 straight winning trades and 18 of the last 21 closed traders have been profitable including +13.25% in NEM, +12.75% in AEM, +5% in ASNA and +4.05% in ENH.
|Buy at $73.53 or less||Fiserv, Inc||FISV||a close under $71|
* Suggested Stops are based on intra-day price.
Trading Note: Please note that our positions are entered at the opening price of all trades, regardless of gaps up or down.
Disclosure: At the time of publication, Mr. Meiers held long positions in the following stocks mentioned: None
All the best,
Manager: Daily Decision-Stock Trade
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