I bought into DTLK yesterday and ARCO at the start of today's trading. These two stocks are currently in a uptrend. Datalink Corp (DTLK) is an IT computer providing information storage for mid and large sized companies. While it is not a new company, it is pulling in big bucks as earning has surprised on the upside thus far. I initiated a swing trade on DTLK when the stock pulled back to the 50 day MA at about $8.77.
DTLK
Arcos Dorados Holdings Inc (ARCO) is the world's leading franchiser of McDonald's restaurant with a huge base in South America. Its stock recently IPO-ed in mid April at $21. The technicals of the stock is pretty good with a classic cup and handle pattern. I initiated a position this morning at $27.05 on a successful retest of its breakout point.
ARCO
If my positions are not stop out, my holding period will be for months. Remember to trade with stop loss. I will be pyramiding up at proper buy point too.
DTLK
Arcos Dorados Holdings Inc (ARCO) is the world's leading franchiser of McDonald's restaurant with a huge base in South America. Its stock recently IPO-ed in mid April at $21. The technicals of the stock is pretty good with a classic cup and handle pattern. I initiated a position this morning at $27.05 on a successful retest of its breakout point.
ARCO
If my positions are not stop out, my holding period will be for months. Remember to trade with stop loss. I will be pyramiding up at proper buy point too.
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