Well last week played out picture perfect. Exactly what I was hoping for. A buy signal ahead of ex-div. So I qualified for a coupon payment of $.2479 x 2,000 shares for total of $495.80. Price as of this writing $16.53. My 2nd 1000 share lot has price of $16.00. So I am up $513 on the trade lot. This trade is working perfectly.I have a stop of $15.60 on the 2nd lot of 1000 shares. $15.60 is the nearest pivot point low.
All the indicators…TSI, MACD, ADX/DMI, MOVING AVERAGES, RSI all have plenty of room to the upsde. The indicators moving into overbought or oversold range give us clues to take profits and downsize risk or maybe add more risk to increase profits.