Step 12 AMJ 4.27.17


EOM Garden II Prep:  Step 12   AMJ  4.27.17  

Today we continue with the All-Star B-list candidates in our next Garden Growing application exercise.

Step 12

Allocate amounts/prices/shares of AMJ from the All-Star B list (BA 2) on the worksheet. In this phase of the training, I analyze each candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.

Key Points on AMJ

1.    Has a decreasing (-22%) dividend amount but still has a 6.29% spread

2.    The previous pullbacks were 54%, 12 and 10%

3.    The current rally is 24%

4.     Since my Garden Growing goal is “share growing” for the next seven years, I want to buy after a price drop then only with a weekly SS Buy Signal, confirmed with a daily SS Buy Signal

5.   I plan to buy incrementally and budget $500 for each purchase

Action Points for Setting Alerts

1.   Price closes under the 6 SMA
2.   CMF crosses under zero
3.   MACD Histogram crosses back under zero-is there now
4.   RSI closes under 30
5.   Slow Stochastics crosses under 20

Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $30.00 entry price.

This would give us 16 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.

For those wanting to be all in simply allocate all 1K.

When my analysis is complete, I plan to compile all steps into a single PDF document, available exclusively to EOM Members.

If you have questions, please send them to eyeonthemarket@outlook.com.

Tomorrow we finalize with the Performance chart of the All-Star B candidates for our next Garden.

Enjoy your day,

David O. England

 

Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2

This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.

DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.

If you have a question or comment, contact David England at eyeonthemarket@outlook.com.

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