Stop Loss level reached position for a profit closed

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

February 15, 2024

High Conviction Report | RMD.AX

Following the sharp fall in the US market yesterday the RMD share price opened for trading at $27.70 just below the updated stop loss level of $27.75. As a result, the position has now been closed for a profit.

Markets are once again focused on bond yields and playing the guessing game as to when interest rates will be cut by central banks. We expect volatility to persist in the short term so locking in a profit and removing risk from the portfolio is the right move.

One thing we have not previously factored in is the two quarterly dividends RMD has paid

  1. Ex-dividend 8th November amount $0.0528
  2. Ex-dividend 7th February amount $0.0517

Closed position Result

Number of Shares Purchased: 300

Initial buy price: $23.40

Exit Price: $27.70

Dividend: $0.1045

Position closed for a Profit of $1,321.40 or an 18.82% return on funds invested

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.

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