Shares: MLNX

Mellanox Technologies Ltd. (MLNX)

3/19/2018: MLNX reversed with a downtrend signal from the Fisher Transform and I exited for a loss.

The shares position produced a 2.2% loss over three days for a -272% annual rate.

I have entered a long shares position on MLNX. The stock at the time of entry was priced at $73.95.

I made the decision to enter the trade in my account based on expectations for a positive earnings surprise, and longer-term bull rating from Zacks, a Fisher Transform uptrend signal on the daily chart and a bullish Elliott wave count.

The position is contrary to the trend of the equities markets as a whole, which are bearish according to the Elliott wave count.

MLNX publishes earnings on April 25 after the closing bell.

sym entry exit result (%) annualized (%) entry date exit date
MLNX 73.95 3/16

By Tim Bovee, Portland, Oregon, March 16, 2018


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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