DWA had sold off heavily due to increasing competition in the 3-D film space but I'm raising an eyebrow at it's 100week and 200week SMA support. That means an enormous amount of DWA shareholders will have the same average price as YOU.
Yes, while 3-D competition is increasing and DWA hasn't been aggressive as maybe they could be with sequels of late, I know that Star Wars Episode VII is coming. Just imagine not only the box office but the merchandise revenue. I may regret it but yes, I'm very tempted to buy a little, throw it in a draw (don't look) and see my investment yields as the Star Wars returns to the big, 3D screen.
If you can't handle that pain, buy LEAPS or use a close below $20 for a stop but I would use an alert rather than a stop so the money makers don't reach out - slap you and reverse higher.
Not giving a target on this one. Take profits as you please but I would always hold a small sliver and let it run. Who knows what Star Wars VII will bring.
Comments
Took another partial today in DWA for 19% as it tests the prior swing high which is also a previous fib level. Hoping to add back more shares if it gets near $23-24 next week. Nothing goes straight up forever.
Click chart to enlarge.
Up 15% now in this bottom pick. I would take a partial and add back shares on a test of $23-24 near the 100week SMA. 10% stop on original investment.