[Placing a Stop on Banco Bradesco (BBD)]
Dear Member:
Banco Bradesco (BBD) gapped up today and is in a profitable position. Currently, it is dealing with an area of resistance. In order to attempt to preserve profit in the position, I am placing a stop loss order to sell at $23.45. If the stop is hit and the stock sold at that price (and there is no guarantee I will get that price), the play will have enjoyed a modest gain.
DISCLOSURE: At the time of publication, I own shares of BBD.
Sincerely,
Bill Kraft
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