Position Updates & Gauges for Trading on 1/26/2015

Mish Schneider | January 23, 2015

****NOTE: DDD: As we start this week, lower sell stop to 28.97 again and we can reevaluate


New Position: SUNE: Long 1/2 position 19.46 ATR 1.10

Name of Instrument: SunEdison Inc.

Sell Stop: 18.06 (will take other 1/2 if/when clears 200 DMA)

Current Price: 19.35

Reason For Trade: A 2015 pick, doing ½ as it clears the 10 and 100 Daily Moving Averages then will add the other ½ if it clears the 200 DMA now at 19.94. In 2014 it cleared the 80 month moving average making the long term outlook positive. On the weekly chart, is holding the 65 week moving average with our stop beneath for a perfect risk on the starter position size.

First Profit Target: TBD after we add should it clear the 200 DMA

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Existing Position: DDD: 1/2 Long 29.88 ATR 1.684 (February 26th Before market opens)

Name of Instrument: 3D Systems Corp

*****Lowered Sell Stop: 28.97

Current Price: 29.86

Reason For Trade: The slingshot low from December 16th is intact. Our ½ position is to see if it holds ahead of earnings. Unconfirmed Takeover Chatter in 3D Systems; Sources Say GE, IBM Could Offer in $50s. However, a spokesperson from the company denies such rumors saying that their own investments made to help the company grow will make them the 800 pound gorilla in the room. Let’s hope. A 2015 pick.

First Target: ½ off 33.89

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Existing Position: MOS filled 45.95 ATR .62 ¼ left (Reports February 11th)

Name of Instrument: The Mosaic Company

****Trailing Stop: 46.47

Current Price: 47.94

Reason For Trade: After a significant peak bottom in mid-October, it flew past the 200 DMA and then returned to the 50 DMA. The 50 DMA has crossed above the 100 DMA. The risk is good, position small and trading in anticipation it can clear the 200 DMA. Longer term, 50.00 is the place it must clear.

****REACHED! First Profit Target: 47.94 for ½ off

Second Profit Target: 48.94 for another ½ off

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