TAKE PARTIAL PROFITS ON MONGODB AS THE STOCK MORE THAN DOUBLES $MDB

TAKE PARTIAL PROFITS ON MONGODB AS THE STOCK MORE THAN DOUBLES $MDB

This post was just published on ZYX Buy Change Alert.

Our position mongoDB (MDB) is long from $24.  It is trading at $54.20 as of this writing.  Consider taking profits on all but 15% of full core position size of MDB in the zone of $52. to $56.68.  As a reminder, if deciding to take profits higher than the present price, move the stops right below the bottom band of the target zone.

Consider continuing to hold the remaining 15% and move the stops on this quantity to the stop zone of $37 to $38.43.   The reason for keeping the stop far away is that this is a volatile stock and has the potential to move much higher.  Since partial profits have been taken and the there is a substantial gain in the stock, a closer stop does not make sense as there may be a whipsaw.

For tracking purposes, this will be the official stop zone.

For those desiring a closer stop, consider $47 to $48.43 with the understanding that you may be whipsawed.

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