Dynamex

DDN

Company. Dynamex is "a leading provider of same-day delivery and logistics services in the United States and Canada." (company website)

Buy. Dynamex has been climbing steadily for a year. After a high of $15 in April, DDN pulled back to $13 and looked like it was rebounding smartly. At the beginning of June there were four days of nice price jumps, two of them on heavier than average volume. The trend had reversed from greater selling pressure (red -DI line) to greater buying pressure (green +DI line), and was strengthening (rising ADX line). Money was flowing back into the stock (CMF). The moving averages were all rising.

Might as well hitch myself to this star, thought I.

Sell. Oops! What goes up— When I checked Dynamex in Market Edge after Thursday's sell-off, I found DDN downgraded from buy to avoid. Considering that and the obvious downward moves, I placed a trigger to sell if the price fell back below the 50-day moving average. While I was doing my civic duty yesterday at the courthouse, the price dropped enough to trigger my sales order.

Today it's bouncing back up again off the 50-day moving average, albeit not by very much. This may turn out to be a case of right idea, wrong time. Oh, well.