MTOR trade for 6/28 – 6/30/2016

Posted By JM on Jun 30, 2016 | 0 comments

Brexit fears earlier this week provided many attractive opportunities for us to bottom pick some US-based stocks. One of the ones we decided to get long on the vastly oversold dip was $MTOR (Meritor -- a truck parts manufacturer with 20% of its revenues coming from the EU).

On the 3rd day down from the Brexit vote (an extreme -20% stock price fall), we scooped some $MTOR up at the lows and rode it up for a couple days. Easy long swing trade for +11% gains. Trade with us in the MookTrader stock chatroom for big gains!

Net Profits: $5,114


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