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Impac Mortgage Holdings Inc. Message Board

  • alfonsdiabel alfonsdiabel Nov 16, 2012 5:21 PM Flag

    The "set up "for tomorrow

    I did write about buying value when the price if IMH was between the 26 and 30 EMA and I did buy the stock at that time
    The price closed for the day at $12.32 and that is below the 30EMA which stand today at $12.34.
    Because of that the stop loss for the Monday's action should be set below today's low of $11.83.
    The fact that IMH closed today below the 30EMA for the first time rises the possibility of the trend changing it's course for the stock.
    I did place my stop at $11.73.
    The Market will decide.

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