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Intraday Action Jan 15th-Positions we would close Part 2

|Includes:AEGN, ED, GMCR, HRBN, JWN, NetEase, Inc (NTES), QCOM, SWM, SYNT, WDC

More positions to consider closing

We would close ED

WDC-we already took some profits back on 12/29 but you can take some more here. WDC may pullback another 10% or so which would still keep the trade profitable and open but for those unwilling to take that risk you could close the entire position here.

You should have taken some profits on UIS during it's 20% run but if not you could take some here.

HRBN-Watch how it reacts to it's 50 day MA.Still ok right now
INSU

QCOM-Is up around 7% from our entry point. We would take profits on at 1/2 position and move stop to at least breakeven.

SWM-Still up nearly 30%. If haven't already take profits on at least half

SYNT-We would close out any remaining positions in SYNT

JWN-Testing the 50 day ma and is still ok

GMCR- Up around 27% Would close entire position

NTES is breaking the 200 day MA. Would close entire position for now

Thanks,
Brett Marsh
Chief Market Technician
www.betterstockentries.com
brettm@betterstockentries.com

 

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Disclosure: No Positions
Stocks: NTES, QCOM, SWM, SYNT, HRBN, ED, WDC, AEGN, JWN, GMCR