Today we added IPHI to the portfolio at 26.82 with an initial stop at 24.60, risking .50% of our portfolio value. Total position size is 6.04%
MXL has been very constructive this week, working back and forth, and closing near the upper range today. That's the type of price action you want to see from new trades. As the weeks progress, we'd like to see MXL's trend kick it up a notch or two.
As a whole not much is changing with our main screens, even as the market has continued higher this week. It appears that the majority of the money is buying stocks off the clearance aisle these past few weeks. There are a few setups that continue to impress such as ABTL, BSQR and SMED. Below are charts for a handful of names on the watchlist.