US Stock of the Day - Understanding How it Works

US Stock of the Day is for traders who are looking for a US Stock to trade each day. I base my picks on US Stocks I follow on the Nasdaq, Dow, S&P and other indices such as the Russell 1000, etc., watching for a swing in the momentum upward. I keep a tight stop loss on all trades to minimize my risk... and allow the great stock trades to continue rising. These are not recommendations... merely entertainment. Please see the warning at the bottom of this page.

If you have any questions, don't hesitate to contact me @ contactdoctorstock@gmail.com. For a Canadian stock of the Day, look at http://canadianstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Thursday, July 21, 2011

US Stock of the Day for July 22, 2011

A great day for ISRG...

Who can accurately predict these markets?  The strength of the weekly approach as seen at http://www.investinthemarkets.com is the lack of volatility when direction is unclear.  

The daily approach, seen here, tends to be a little more volatile... but we do catch some big moves.

FOSL - purchase on June 27 @ $114.11 sitting today @ $133.01, a 16.6% gain.  I'm keeping my stop loss @ $125.95.

ISRG - purchase on July 18 @ $362.94 closing today @ $413.99, a 14.1% gain.  I'm raising my stop loss to $390.12.

July 21st I chose SH @ $40.96 with a stop loss @ $40.55.  I'm anticipating some further downward action this week with more volatile earnings (some considerably up, some considerably down).  It did not trigger.

For July 22nd, I'm choosing CMG @ $334.43 with a stop loss @ $331.09.

OVERALL 

The Overall total return is 74% since my first purchase approximately 5 weeks ago.


So far... 7 winners... 2 even... and 6 losers (at -1% each, and one at 0.3%) for a great overall profit.

I would encourage you, especially if you're looking for a more stable, weekly approach to trading, to look at http://www.investinthemarkets.com/.  

See you tomorrow!

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