Going long RTEC on Tuesday

28 nov 2017

RTEC is printing a bullish engulfing hammer candlestick price bar right off its uptrending 50 DMA on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long RTEC Tuesday morning using a limit order (GTC-BUY-LMT) @ 26.55. I will have two trailing sell stops (GTC-SELL-STP) @ 25.75 and 25.15 to protect my initial invested capital in case the stock does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from February '16 - October '17.