Dan Fitzpatrick is the publisher of The Stock Market Mentor, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks.
Fitzpatrick graduated from the McGeorge School of Law. He was a fellow at Pacific Legal Foundation, a nonprofit public interest firm specializing in constitutional law, and he also practiced law in the private sector before pursuing trading as a full-time career. Before growing up and getting a real job, he was a professional musician, studio singer and songwriter in Los Angeles.
Given the 40% run the stock has enjoyed since last December, it’s important to respect the risk.
I’d hold on to shares so long as they stay above the 50-day line.
The world's monetary authorities have lost their way, but investors who share their expertise can win.
Despite some worrisome action, the uptrend is still intact. Keep an eye on this particular level.
If Blackstone pulls back to this area, it would likely mean the start to a new uptrend.
I’d stay in these shares so long as they don’t pull back to this key moving average.