SIB XX Trade Alert: (AAPL) and (CBS)
While we’re closing in on the actual launch of my taking over and remaking your Stock Investor’s Blueprint XX Portfolio, I have two trades which I want to put into your hands for possible entry this week.
One of the key changes I’m making is using technical entry prices – and we’re going to “practice” them with our first two July stocks.
First, however, a brief note: Due to the late-June sell-off across all major indexes, I am not recommending a full 20 stocks. Instead, we’re going to add stocks as the markets recover (and, if the markets recover) until all 20 positions are filled.
Thus, I’m making two recommendations here at the beginning of July: Apple (AAPL) and CBS Corp. (CBS).
I realize many of you may have exposure to Apple or shares of Apple, especially if you hold index or mutual funds or certain ETFs. Remember, however, that we’re after a short-term profit on the shares you’ll buy.
We had technical entries on both of these stocks lined up last week and as it happened, they triggered on Friday, before we put together our July plan. So, let’s execute these two trades on Monday, July 2, 2018.
Apple (AAPL): Buy above $184.16
You can enter AAPL at the market open if that is simpler for you. Alternatively, you can use a Buy Limit Order using Friday’s closing price of $185.11. You may need to adjust your price if your order does not execute right away, but be patient and you’ll get a good price.
CBS Corp. (CBS): Buy above $55.71
You can enter CBS at the market open or use a Buy Limit Order using Friday’s closing price of $55.71, just as described in Apple, above.
Note: Buy above means our initial trigger was a close above the price listed. Thus, for Apple, the close on Friday was above the $184.16 price, allowing us to make this entry. It also means as long as the recommended stock is trading at or above that price, you can enter at any point upon our recommendation.
Supernus (SUPN) continues to drive higher, closing at a 52-week high. We now hold a 28.2% gain, which required some patience during the recent retracement and base. Our technical stop here is essentially following (trailing) the 50-day EMA (exponential moving average).