A position review in Nationstar Mortgage

I have had a long stock position (with Short Oct Calls) in $NSM since 8/1/2013 and was doing a review of the trade today so I decided to show a few different charts on how it looks currently.

Plain Daily chart:

NSM_plainRSI dead on the 70 level, has worked off some of the over-bought nicely. Now lets add a Trend line:

NSM_TLLooks like it will test the Trend line next week at this rate. Now for a different look entirely, some small base-on-base action:

NSM_base_on_baseHas held up in September very well but worth noting the potential MACD cross down.

One thought on “A position review in Nationstar Mortgage

  1. Pingback: Best Of The StockTwits Network 9-28-13 | The bclund BlogThe bclund Blog

Leave a Reply

Your email address will not be published.