Dark Pool Trader (Invisible Stock) New Trade Alert
Encore Capital Group Inc (ECPG) has pulled back to the 50 day moving average after breaking above it and may be transitioning into an uptrend.
Let’s place Buy stop at $39.05 and keep the order working for 3 days until filled.
If filled place sell stop at $37.45. Please do not work the order if no fill by Wednesday afternoon (September 5, 2018).
If you trade options – wait until the underlying is filled…
Buy the DEC 40 Strike Price Call that expires on December 21, 2018 – only buy the option if the stock gets filled and liquidate the option if the stop loss gets filled – we are using the option as a proxy for the stock. Pay no more than $2.60 for the DEC 40 Call option.