[Setting Stop Loss on PPL Corp (PPL)/Sell Stop on PPL at $29.20/GTC]
Dear Member:
PPL Corp (PPL) has moved up nicely over the past couple of days after my entry at $28.75 on Tuesday. As I write this, the stock just traded at $29.43, up 68 cents since my buy. In order to try to protect profits, I am now placing a sell stop at $29.20 a share GTC (good 'til cancelled). If the stock turns down as it is now approaching a shorter term down trend, I could be stopped out for a profit of around 45 cents. If the stock keeps moving up, I'll be moving my stop up behind it.
DISCLOSURE: At the time of publication, I own shares of PPL.
Sincerely,
Bill Kraft
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