Apple (AAPL): Profit-Taking

Apple (AAPL) skyrocketed to new all-time highs on Monday following a JP Morgan (JPM) analyst raising his price target to $275, the highest of all Wall Street analysts for the stock.

Apple had a remarkable run going into this week and with its earnings report on Wednesday, it would need to report a miraculous quarter in order to prevent a selloff, so I placed a trailing stop sell order to further reduce Apple’s position size in my portfolio by selling 9.73% of the position when Apple fell back and filled my order at $248.27 later Monday morning.

The sale lowered my allocation from 4.5% to under the target allocation at 4.06%. My next buy target for Apple is $211.50, about -15% lower than Monday’s highs.

AAPL closed the week at $255.82, up +3.04% from where I sold on Monday.

Kohl’s (KSS): Profit-Taking

Kohl’s (KSS) continued to climb when the rest of the markets shot higher on Monday, triggering a trailing stop sell order at $54.44 which filled at $54.34.

The order lowered my per-share cost -0.88% from $47.91 to $47.49 and finishes the remaining trimming for the position. From here, I have no additional sell targets unless Kohl’s attempts to retest its all-time highs in the low-to-mid $80s.

My next buy target is $46.15 followed by additional buy targets lower than that including $43.75, $38.05, $34.15 and lower still.

KSS closed the week at $52.09, down -4.14% from where I sold on Monday.

Twilio (TWLO): Added to Position

Twilio (TWLO) completely bombed its quarterly earnings report on Wednesday, and collapsed to trigger a trailing stop order I had placed at a key trend-line at $93.24 which filled at $93.01 on Thursday.

The buy order reduced my per-share cost by -4.2% from $113.66 to $108.89. Given this makes TWLO’s second bad quarterly report in-a-row, I’m building the position painfully slowly. My next buy target is $83.24 followed by $73.34, $67.54, $56.74, and even $48.64.

TWLO closed the week at $97.06, up +4.35% from where I added Thursday.