Update – TROW
Posted by mounddweller on February 3, 2015
I closed my Bollinger Band (BB) trade in TROW in just one day. You’ll recall yesterday I posted that I bought TROW at $79.10. Today the market was up big, the DOW was up over 300 points. Consequently, TROW hit my first target price of $81.00. I closed my position right before the end of the trading session, selling TROW at $81.15. Doing so gave me a one-day ROIC of 2.37%.
It is likely that I left money on the table so to speak. I only had the trade open one day and the stock closed today near its daily high. Thus, I wouldn’t be surprised if it runs a bit higher. However, with the market volatility we’ve seen lately it could just as easily give it all back tomorrow. So, I decided to pocket the very short term gain and move on to the next trade.