THU 8/13: GPN – SELLING (1/2) P/L: +$879.92 +17.5%

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

3:29 PM – Selling half my GPN position here as shares have made a solid price advance, but volume is running only around the daily average. At the same time, price has become extended from the 10 DMA, currently at $87.52. I’m locking in some decent +17.5% profits here while continuing to hold the remaining half of my position.

James’ Trader’s Tip: Take Some Profits Into Strength

  • A strong price advance can provide an opportunity to lock in gains before any technical weakness develops.

  • When price becomes extended from the 10 DMA, the probability of a normal pullback toward that line increases.

  • Selling part of a winning position allows you to bank profits while maintaining exposure if the stock continues higher.

https://buyingbreakouts.com/thu-8-13-gpn-selling-1-2-p-l-879-92-17-5/

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