Long swing
On Aug 13th, there was news that ADT partnered up with Google and this shot up its share price. It seems that this was "big money" based on volume, it appears that an institutional investor entered a position.
The price at 13.44 made it less tolerable for most traders and as such, it slowely went down over a period of time.
ADT had good earnings the last 3 times at least. They have earnings again November 11th I belive.
It seems that the price is stabilizing back to its previous level of support (this means, its gone down from $13 to its current price at no fault of its own) this was just a natural decrease in its price which for me is a discount on a good long position.
I am going to enter in three increments highlighted in red, so that I can cost avg should it continue to go down. I will take most of my profits at the first green light 'resistance' highlighted on the chart.
MACD about to crossover, indicators look like it may be reversing to the upside soon.
The price at 13.44 made it less tolerable for most traders and as such, it slowely went down over a period of time.
ADT had good earnings the last 3 times at least. They have earnings again November 11th I belive.
It seems that the price is stabilizing back to its previous level of support (this means, its gone down from $13 to its current price at no fault of its own) this was just a natural decrease in its price which for me is a discount on a good long position.
I am going to enter in three increments highlighted in red, so that I can cost avg should it continue to go down. I will take most of my profits at the first green light 'resistance' highlighted on the chart.
MACD about to crossover, indicators look like it may be reversing to the upside soon.
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