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2 rules for a stock at a 52 week high - like $SHOP - $CRWD earnings - 11-28-23 Market Update

Nov 28, 2023
21:34

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


$zs earnings were solid last night - if you can get it under $180 - do it - but it should continue up 


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:


  1. 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.
  2. 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



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