Long MA at 511.38 - pullback in an uptrendMA has been an excellent stock to trade with my system, producing one of the highest returns per day held of any megacap stock at .23%/day held (58% annualized) spanning over 400 real and backtested trades. The average holding period is 7 days and the max lots held at any time in the last 17 years would have been 10. It tends to pay off well and pay off quickly.
It is currently trading just off its 6 month high, set on 12/26 and in the middle of a solidly uptrending regression channel. None of those things guarantee success, but trading is about putting the odds in your favor, and this setup is about as good as it gets in that regard.
Initial lot was purchased just before the close today at 511.38
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.