Daily Archives: February 6, 2017

2/6/17 update on AOBC- Hanging on by a thread

Today’s session closed at 20.00 for AOBC which is dangerously close to my stop area of 19.89. Still hanging on as per my original trade plan, and at this level I think the stock presents an excellent reward-to-risk ratio with about 20 cents downside and upside potential of a point or two. Did I think it would pull back to 20 after approaching 22, on 2x average volume as recently as last Tuesday 1/31/17, absolutely not. But definitely going to respect my stop and cut my losses if the chart breaks down and AOBC moves towards the low 19.80’s. Sure could be a good spot for the stock to find a bottom around here. Let’s see what the rest of this week brings.

Stock AOBC