Wednesday, May 20, 2009

Sold ADCT

Sold 300 shares of ADCT at $7.00 for a net gain of +$76.00 after commission. I decided to exit now due to the fact that this stock is a bit slow it was down for several days which made it oversold and then bounces another good move but there is no strong follow through. The stock will push higher only to give it back the next day. A good example was yesterday, Tuesday when ADCT almost gave back all of Monday's gain. I also don't trust that wide red candle and the moving average (blue line) hugging the price in a downward sloping action. The best move is to get out asap!

No comments:

Post a Comment