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No. of Recommendations: 1
Okay Anne, for PXLW,r14,v&p=e50&t=3m&l=on&z=m&q=l

The buy signal from my system occurred on Nov. 14th. The stock was 3% over the 50 day ema, the 14th was the first day the MACD inched into positive territory, the volume was 1.68 million shares, which was slightly over 40% above the ADV, so I would have bought near the close on Nov 14th at $14.35 and entered a stop loss order at 12.63 (12%).

On Nov 19th when the stock closed at 15.84 (more than 10% above my purchase price), I would have raised my stop loss to 14.35 (my purchase price). Now after the stock gets 10% above, now I'm witing on it to get 15% above, when I start increasing my stop loss limits. 15% above my purchase price is 15.50, so when the stock hit 16.75 on nov. 27th, I would start raising my stop loss (14.74). On Dec 6 the stock hit 19, so at that time my stop loss would be 16.72. I would have been stopped out on Dec 10th at 16.72 (a 16.5% gain in less than a month, not great but not bad).

I would keep watching PXLW, and waiting for the RSI to move up, and the volume to break 40 above ADV for my reentry point. Now is not a buying opportunity.

Any Questions?


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