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.
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
1. Price closes under the 6 SMA
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 email@example.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
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 firstname.lastname@example.org.
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