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.
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