Daily Stock Picks 2 rules for a stock at a 52 week high - like $SHOP - $CRWD earnings - 11-28-23 Market Update
There are 2 rules I have for myself when managing a stock at 52 week highs. The sliders in Seeking Alpha are essential for me to look at my portfolio. Take advantage of their current sale.
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NOTES
$CRWD earnings after the bell today - this has run a ton
https://x.com/stocksavvyshay/status/1729245218275459406?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
Since it’s at its 52 week highs, I want to determine what I want to do. How I use these sliders in a 52 week range. I have these in Fidelity and this screen shot is from Seeking Alpha. If a stock is close to the 52 week high - it’s a red flag that trimming it or selling on weakness would be smart. Here are 2 rules that I have at 52 week highs:
- In a tax advantaged plan, I’ll trim at least some if it’s got some confirmation and closes at a 52 week high. If it loses confirmation, I’ll sell even more. If it creates a tax event, then I’ve got to re-evaluate and do a short tax calculation. I will take some profits on this even if a tax event is created.
- If it’s a stock I want to continue to hold, I’ll need to make a note to rebuy it and I can do that in Seeking Alpha with a price alert or Trendspider with an algorithm alert. Just make sure there’s an alert so you can don’t miss a 10% run up or forget to rebuy it. This is how I manage some of my AMZN MSFT and GOOG, etc.
All these stocks hit new 52 week highs at some point today
Microsoft $MSFT
Amazon $AMZN
Coinbase $COIN
Costco $COST
Shopify $SHOP
$UBER
Visa $V
Adobe $ADBE
Lululemon $LULU
DraftKings $DKNG
Crowdstrike $CRWD
Chipotle $CMG
$IBM
Lam Research $LRCX
Mercadolibre $MELI
Palo Alto $PANW
Spotify $SPOT
Affirm $AFRM
$ROKU
Amphenol $APG
$CBOE
Cardinal Health $CAH
$CRH
Dropbox $DBX
Fair Isaac $FICO
Godaddy $GDDY
Gap $GPS
Progressive $PGR
Pinterest $PINS
Ferrari $RACE
Synopsys $SNPS
Splunk $SPLK
Seagate $STX
Reuters $TRI
Western Digital $WDC
Zscaler $ZS
I watched Cramer last night - a woman called up who visited a Best Buy to buy a mobile phone. She bought a $49.95 plan in order to make the return of the phone easier and she raved about how great Best Buy was. Cramer then went on and said he wished the CEO would come on the show because he likes the stock. Sounded like he was def sucking up. It also sounds like this woman paid $50 for something that every phone retailer will allow you to do! I was screaming at the TV!
SCANS
SARK
RIVN
MMM
NKE