CEFL in Extreme Overbought

Ok, CEFL is now hit 80 RSI…and the ADX is overbought. Doesn’t mean trend is changing but proper trade management says lock in some of the $1.00 in gains on the 2nd lot of 1000 shares. I am selling 55 shares to raise basically $1000 in cash.  I am staying long 1945 shares until price closes below the 20 day simple moving average. Been a great month trading high yield. Very profitable.

cefl42717

 

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