Here’s how you trade LifeLock (LOCK) (December 30, 2014)
LifeLock ( NYSE:LOCK ), it seems like a pretty good way to end the year, or maybe to start 2015. You know what these guys do, they’re identity protectors and with all the Russian mafia doing whatever it is that they do it’s a good thing to have your identity protected.
So, let’s protect some capital too; I’m looking at this, this is in a really nice uptrend, a very solid trend here, and it’s got some peaks so that’s really what you’re looking at. Right now LifeLock ( NYSE:LOCK ) is at another peak.
My suggestion would be to wait. Wait for the stock to drift sideways for a while or come back. This could breakout, if it does breakout buy a little bit. I’m not saying that the stock is going to reverse and keep going down, what I’m saying is from a probability standpoint you’re not buying at the right time you’re actually buying at the wrong time.
Now, if you bought at any of these times you would be making money now, you would be profitable, but you’d be more profitable if you had bought down at these times. So we just had one of those, my bet is sometime in the next few weeks you’re going to see another sideways drift at least long enough to where the50-day moving average can catch up with the stock and that’s ultimately where you want to buy this; that would be my suggestion on LifeLock ( NYSE:LOCK ).
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