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A 10% return in a week, keep holding

Posted: 12/18/2013 - 11:52 am

On December 10, we turned outright bullish on Deyaar (DEYR) after seeing the stock break out on heavy volume. Our advice was to initiate positions at 0.770 with an open target (read: The small caps join the rally).

The trade is playing out and leaving an open target has proved wise so far given that the stock is up 10% in one week.

Today’s gains further validate our bullish view on the stock and suggest that traders hold their positions. However, we stress the importance of always protecting the gains by placing a trailing stop. Therefore, we recommend adjusting the protective stop to 0.815.

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