By Markus Heitkoetter
U.S. markets were lower today as the S&P dropped 2.5 points and the DOW finished down 65 points.
Linked In (LNKD) was one stock that bucked the trend, finishing up +$6.74% at $230.56 following a Power Crossover Method long signal yesterday.
Best Buy (BBY) was hammered today on lower guidance following disappointing holiday sales. The stock finished the day -28.59% lower at $26.83 a share.
The Power Crossover Method gave a sell signal on 12/23/13 $39.63 and has remained in a downtrend ever since. If you were able to capture this move this is a scenario where it’s usually prudent to close at least half of the position and not get greedy.