Our +29% MGPI Trade Recap Plus Our Next Winner
We alerted a buy in MGPI back in October and just sold for a 29% gain this week!
MGPI was one of our ideal swing trade setups.
Here’s how it played out…
We ran our typical nightly scans and MGPI popped up as fitting one specific pattern. Once we ran our evaluation, confirmed the volume patterns, checked to make sure the technical analysis fit one of our five key setups, we then added it to the watch list.
The next day, we went long and sent our alert to our members.
Shoot forward a few weeks and we’re banking 29% off of this swing trade!
The next setup and swing trade stock we like is an add to EMKR. We locked in 14% in EMKR this week as a huge breakout rally occurred. But sold half our shares and kept half the position open as we head into earnings.
Why?
Within our system we teach and alert to look out for a certain patterns like breakout pull backs. Ideally, you want to be long before the breakout like we’ve been in EMKR. But when that setup is missed, there is usually another entry play that results in huge
That’s exactly what happened in EMKR on 12/2/2015.
Take the high of the breakout candle and minus the low…in this case $8.10 and $7.24 from 12/01/2015. Now take that number and divide it by 2, and back that off the high of $8.10. That new level is $7.67….exactly where EMKR found support on 12/2/2015.
We think this is a great area to add or open a position for a price target of $10
Learn more about our volume strategies, technical patterns and packages at K Capital Advisors.com
