This one was brought into the portfolio originally because it was converting to an uptrend and I was watching industry companion CTRL (later added as well), which was subsequently bought out at a significant premium (to its then bombed out stock price), and is no more. I then took the profit on CTRL and held UEIC.
Here’s the original NFTRH+ post (now public) from April…
What followed was a good profit taken and a couple of limited losses taken as the chart whipsawed me. But the current hold sees an upward break today on no substantial news that I could find on a casual look. Now it appears to be breaking upward from the grinding uptrend that has kept me aboard. I guess an overbought ‘sell’ may be on the near horizon. We’ll see.
Here’s the weekly chart showing the trend change from a different perspective. Where above the daily SMAs 50 & 200 are turned up, the weekly chart shows a simple break from a harsh downtrend line. Sometimes it takes months upon months of patience. The current gain is 16% and I’ll be on sell alert from here on due to the stock market’s current risk profile.
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