CCMP

[djanderle]

I missed the first exit in DEC @ $156 and I did not see it bomb in mid-March. I might have exited out. Still holding right now as it is up over $180.

Does anyone have good charts to tell me if this stock is now extremely over bought?
Maybe I will put on a trailing stop...what would be a good percentage?

[NoLimit201]

I didn't sell this stock for profit nor stopped out before because the patterns remained nice and this is a good stock in the long run. CCMP is running in an uptrend channel, it just challenged and closed above 180.00 today and hit its all-time high. From charts on TDAmeritrade with default settings, the patterns on the daily chart, weekly chart, monthly chart look nice, have not reached the "extremely overbought" zone, not even close. The daily chart shows a gold crossover yesterday, the monthly chart also shows a strong crossover. I guess it still has room to run this week. I may place a trailing-stop order to close the position tomorrow or a little bit later.
I don't use % offset. Instead, I use a $ number based on potential support price level to prevent from getting shaken out when it swings back to test a low price, in this case, say 178.00.

[AstuteShift]

Weekly looks like it still has room to go higher but make sure to pay yourself along the way

The monthly charts look overbought but it doesn’t mean it will top the next day

[SOL]

If there is another bullish crossover on the monthly charts this chap could race upward to the 200 plus ranges. However, we have to follow the rules, the stop was triggered and we can't change the rules, otherwise we will be no better than some of those bombastic services. If there is another opportunity we will look at the stock again

[djanderle]

Thanks everyone for your information and knowledgeable advise!
I'm going to set a stop at $172

[djanderle]

I closed 1- lot today at $183. Very unusual for my sell limit to be the high of the day
I'm going to roll with the other lot that I have...moving up the stop as it goes.