PLT Achieved and Exceeded Second Target
Plantronics Inc (PLT) a potential buy candidate featured in our July 14 “Swing Trader Bulletin” had finally achieved and exceeded the second target today, so far up about 35% in about 2 weeks.
Recall the original setup was to go long [read: Buy] PLT with the upside swing trading targets of $18.56-19.27, $24 and then $30. Initial stop @ $16.92. Given that the stock closed at $18.01 on July 13 evening, the setup offered a very good risk/reward profile.
As shown, PLT is now extremely overbought following recent advance so we’d some money off the table and tightening the stop to $19.86, or the white line in the chart.
You see, our trend-following system is very unique as it attempts to pick turns before others see them - noted the up-turn in late March.
Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.
This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?
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Tags: Plantronics Inc, PLT
