Update: 11/19 11:40AM – STOP HIT – Flat Position
The CIG long was stopped out at our 3% risk price level of $8.37. Heavy selling at the ask brought the stock down from the 20day EMA. It may find support and put in a base before breaking out, and the proprietary indicator seems to support additional upside, however for the risk parameters of this portfolio we are neutral on CIG until a new signal is generated.