Long
DW - Good long term stock to buy on S&P Dip
Updated
Strong "VectorVest" Midas Touch stock for a while. Excellent buy opportunity on S&P dip. Bounced off Fib convergence of last three cycle lows perfectly. Looking for some resistance breaking back up through the daily 10EMA and trend line. Target is Fib extension 1.618. Move stop loss up aggressively as this has been a smooth, nonvolatile stock.
Good for IRA with 1.25% dividend.
Good for IRA with 1.25% dividend.
Trade closed: target reached
DW changed names to LCII at the beginning of the year and is currently trading above 120.
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