On a fundamental basis, the prior target makes sense. However since Acorda (ACOR) is a short term trade, trading is not about making sense but making money. Technically oriented traders who do not always understand fundamentals are passing around buy signals on ACOR. Because of such buying money flow is beginning to turn positive. Some of the brokers who have been bullish on ACOR are also coming to its defense. It is simply prudent to go ahead and take the profits on the entire position in the zone of $19 to $20.15 and exit the position.
PAY HEED TO THE EARLY WARNING SIGNAL FROM SHIFTS IN MONEY FLOWS IN 11 POPULAR TECH STOCKS $AAPL $AMZN $FB $BABA $AMD $GOOG $GOOGL $NFLX
Technology stocks have been the generals of this U.S. bull market.
But a dramatic change in money flows is beginning to happen in popular tech stocks. If this continues, the stock market will be at higher risk. Think of this as an early warning that all prudent investors should heed. Let’s explore this issue with the help of a chart.
Chart
Please click here for a chart showing segmented money flows, risk-adjusted rankings and non-risk-adjusted rankings of 11 popular tech stocks. Please note the following from the chart:
• The most dramatic change has been in money flows in Apple AAPL stock.… Please click here or the title below to read more.
September 11, 2018