It was a big week for your Momentum Trader Alert portfolio.
In Friday morning’s Special Alert, I advised you to raise your stop prices in five different Momentum Trader Alert positions.
By the end of the day, you stopped out of Lam Research Corporation (LRCX) at $145.95 for a 15.04% gain.
You also stopped out of Teradyne, Inc. (TER) at $35.35 for a 10.06% gain.
This week’s Momentum Trader Alert’s algorithms identified United Technologies Corporation (UTX). Founded in 1934 and headquartered in Farmington, Connecticut, UTX provides a broad range of high technology products and services including Pratt & Whitney aircraft engines; Carrier heating and air conditioning; Otis elevators; and Sikorsky helicopters.
United Technologies Corporation (UTX) versus the S&P 500 over three months.
Momentum Trader Alert Analysis
Buy United Technologies Corporation (UTX) at market today and place your stop at $111.
If you want to play the options, I recommend the June 16 $115 calls (UTX170616C00115000), which last traded at $4.59 and expire on June 16.
As a reminder, in Friday’s Special Alert I recommended that you:
Raise your stop in MKS Instruments (MKSI) to $77.55 to lock in a 15% gain in the stock.
Raise your stop in Healthcare Services Group, Inc. (HCSG) to $45.45 to lock in a 10% gain in the stock.
Raise your stop in CoreSite Realty Corporation (COR) to $95.75 to lock in a 10% gain in the stock.
Nicholas A. Vardy