Sell Alert: Johnson Controls (JCI)

TRADE INSTRUCTIONS

Date: August 21, 2018
Name: Johnson Controls International
Symbol: JCI (NYSE)
Type: Close
Limit: Sell at market

TRADE RATIONALE

I’m tempted to raise the stop price and leave this position open a while longer to see how much more profit we can wring out of it now that JCI is above our target price of $39. However, with an RSI of 74 and now trading above its upper Bollinger Band, I am concerned that the next big move for JCI might be a reversion to the mean so I’m closing out this position for a quick 18% gain in just seven weeks.

Stock Talk

Daniel Long

Daniel Long

JCI buy 07/03/18 for 33.95.
Sold 39.40 on 08/21/18.
Profit 5.45 = 16%.
Thanks.
DL

Daniel Long

Daniel Long

Also sold the JCI calls on 8/1/18 for a good profit.
JCI trade was a very good call.
Thanks, Jim

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