LONG SWING POSITION: I like the stock, although I'm not a fan of the insider selling over the last year. Valuation looks good though after 7% pullback to 200SMA support. Going in with two positions, half investing and half trading. For the trade, I've placed my stop at $37.48 with targets at $42.48 and $44.48. Corresponding R/Rs are 2.2 and 3.5 respectively.
20170221: Hit my first target, sold 25% of position.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-02-02 09:39:00 | PYPL | buy | $39.050 | long |
2017-02-21 10:10:00 | PYPL | sell | $42.400 | long |
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