***NOTE: Go back to original stop in CIEN
Stopped out of the ½ position in SUNE 18.84
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New Position: Long CIEN 19.43 ATR .71 (Reports March 5th)
Name of Instrument: Ciena Corp
Sell Stop 18.47
Current Price: 19.44
Reason For Trade: Cleared all major moving averages with our stop under the 200 DMA. If can clear back over 20.00 we could see a move to 22.00 or higher if market holds in current trading range.
First Profit Target for 1/3 off: 20.44
+++++++++++++++++++++++++++++++++++++
***Out at 18.84 Position: SUNE: Long 1/2 position 19.46 ATR 1.10
Name of Instrument: SunEdison Inc.
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Existing Position: MOS 45.95 ATR .62 (1/8) left (Reports February 11th)
Name of Instrument: The Mosaic Company
***Trailing Stop: 46.87
Current Price: 47.70
Reason For Trade: After a significant peak bottom in mid-October, it flew past the 200 DMA and then returned to the 50 DMA. The 50 DMA has crossed above the 100 DMA. The risk is good, position small and trading in anticipation it can clear the 200 DMA. Longer term, 50.00 is the place it must clear.
****REACHED! First Profit Target: 47.94 for ½ off
REACHED***Second Profit Target: Took ½ of the ¼ left at 48.57 ¼ remains
