Earnings watch for 9/6/17 – DLTH

DLTH – at market close 9/5/17
Earnings analysis: (not a recommendation)
DLTH reported at market closed and beat both quarter over quarter and year over year. Per the press release they have reaffirmed the target projections.
 
http://www.nasdaq.com/press-release/duluth-holdings-inc-announces-second-quarter-fiscal-2017-financial-results-20170905-01376
 
Mild accumulation going on in current platform. Was a recent shift from selling/ capitulation of small funds that fell into a large institution buying area. Positive end of day activity with buying in last 5 minutes.
 
This is an example of how we would employ a risk management strategy:
 
Trade 3% to 5% of capital
Buy candle: 8/24
Sell Stop candle: 8/31
Points being risked on trade with slippage: 2.37
Number of shares: capital being traded / points being risked

Leave a Reply

Your email address will not be published. Required fields are marked *