Friday, August 29, 2014

Opened: VDSI

VDSI made a nice move out of its consolidation range, which produced a nice buy signal  This type of set up can work well in tougher market conditions.  VHI had a similar setup last week, which produced some very nice gains.

 As long term readers know, I hate chasing breakouts. The 26MA average caught up to the consolidation zone, which means I'm not overpaying for the stock.  Still, its significantly over its 10 Week or 50DA moving average.  For that reason, I did not take an especially large position here. 

Entry: 14.73
Stop: 14.00   
1/2 R.

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