DUG Update - Closed out DUG today
Will post a chart tomorrow. Ended up closing out 1/2 of the remaining 1/4 at 29.20 and the other just below 30.00.
I think it can go higher over a longer time frame, but it's had quite a move over the last 3 days (~18% from trough to peak), and any stop loss at this point would be risking too much, considering how large the intra day swings can get.
I will be keeping an eye on it for the potential to re-establish a position on a low volume pullback, or some type of technical formation and break out.
I'll post some updated charts tomorrow.
Good luck out there.
Post a Comment