Current Open Alert
ILU – Iluka Resources
Stock : ILU – Iluka Resources
Current Price : 9.705
Previous Buy Entry (Trigger Level) : 8.95
New Sell Exit Zone (Stop Loss) : 9.30
New 50% Partial Exit (Target) : 9.94
Status : On Watch for continuation higher
ILU has continued to grind higher and looks ready to kick up into resistance at 10.00. We are now happy to tighten up the risk level to 9.30 and take a partial exit at 9.94. With the price action looking strong, we will just wait to see how it plays out.
ORIGINAL ENTRY ALERT 5/7/17
Current Price : $8.95
New Buy Entry (Trigger Level) : $8.95
New sell exit level (Stop Loss) : $8.34
ILU has great price structure both on the daily and weekly charts. We are now watching for an initial move higher to the $9.30 level and then continuation toward the $10 mark and the previous $12 highs.