Two more exits triggered from today’s rollercoaster session; trailing stops on $EVR and $ETN, which as of Monday’s close were showing a profit of 34.5% and 2.1% respectively. We will execute both at Tuesday’s open.
Evercore Partners ($EVR) +34.5% (incl 8/26 div $0.22, 11/25 $0.25). Original 7/18 entry post here.
$EVR has been a great ride but that’s a 10% decline in two days straight through the 50-day and our stop.
Eaton Corp ($ETN) +2.1% (incl 10/30 div $0.42). Original 10/28 entry post here.
$ETN had already closed below its 50-day and made a lower low, but we’d been using the breakout of the November highs as our stop, and today’s follow through was enough to take that out too and trigger our exit.