Adding to MOD based on the fundamentals and technicals on Monday
MOD is printing a bullish full-body candle over candle price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position on Monday using a limit order (GTC-BUY-LMT) @ 22.35. I will have two trailing stops (GTC-SELL-STP) @ 21.55 and 21.20 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 April 2017 - Nov. 2017.
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