Date Provided to Members: July 1, 2012
Buy: $4.26 (2nd entry at $4.15 never triggered)
Profit: $0.64 or 15.02%
Days Held: 14
Comments: Here is what we had to say on Sunday, July 1st, as delivered in our marketJOURNAL stocks to Diamond Members:
“Earlier in June, AUTH was above 5.00 but very overbought. It has since consolidated near price support. We like entry at the current level and again at 4.15 with a closing stop beneath 4.00. Our target would be 4.90.”
Update: AUTH bounced beautifully off price support and within two weeks hit our target at $4.90 for a 15% gain. AUTH continues to look strong and we’d continue to be a buyer on pullbacks to the $4.60-$4.80 area.
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