Time to have a look at the Wilde Strategy trading campaign, exclaims Ian Murphy of MurphyTrading.com.
Three stocks are currently in the portfolio, and all are doing well since the entries.
Click charts to enlarge
Vestas Wind Systems (VWSB.F) formed a first higher low pattern and bounced off the -1ATR line on the daily chart (arrow on right chart). The entry was at €26.31, and the stop is currently at €24.17, so not out of the woods yet. Vestas goes ex-dividend this week with a yield of 0.82%.
American Water Works Company, Inc. (AWK) has been the most successful so far with this week’s stop now above the entry point. Notice on the daily chart how a classic bullish trend is playing out with shallow pullbacks not even getting down to the -1ATR line.
Pfizer, Inc. (PFE) appears to be forming what is hopefully a first higher low pattern on the daily chart and the level of $50 must hold as support for the pattern to be confirmed. The stop has to climb another $1.36 to get to breakeven.
A reminder, these positions are being managed with a soft stop on a weekly closing basis at the -1ATR line.
Learn more about Ian Murphy at MurphyTrading.com.
