Here’s just one of the stocks on my short list to buy . Check out Dynatrace ($DT) (March 03, 2020)
DT
Dynatrace ( NYSE: DT ); the company has got good fundamentals here. It’s in the right space, the software sector or group. For as long as I can remember software is where you want to be; it isn’t hard.
Dynatrace ( NYSE: DT ); this is a pretty interesting stock because if you look at this, this was on Friday when there was a total bloodbath in the market; this stock was actually up. It literally gapped down a bit and then closed just about at the high of the day and it just continued to move higher on Monday and then even today. It sold off a bit into the close but what you have here is a stock that has totally outperformed the market.
You can be buying this stock here with a stop just a little bit below $30.00, and this is exactly what you are looking for, right up there. Not this back part there, stocks don’t do that, only in your mind where you would like to be able to go back and do that, but this is really what we are looking at here. I think you are buying the stock right about now. If the stock comes down tomorrow that would be better.
You put your stop just a little under $30.00, that way you have got your risk contained. And then if the stock falls down to $20.00 I don’t get anybody Twittering me or whatever you call it, or emailing me saying, “You got me into this stock and I lost my butt.” No. I might have got you into the stock but you lost your butt, I didn’t. I am telling you, use a stop. Stops, in this kind of market, will save you bacon, no doubt about it. So use a stop on this one, but personally, I think this trade is going to work for you.
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