RAE Systems

RAE

Company. RAE Systems is "a leading global developer and manufacturer of rapidly deployable chemical detection monitors and multi-sensor networks for homeland security and industrial applications. RAE Systems’ technologically advanced products are based on proprietary technology, and include a full line of portable, wireless, and fixed atmospheric monitors and photoionization detectors, as well as gamma and neutron radiation detectors, all for the detection and early warning of hazardous materials." (company website)

Buy. RAE Systems popped up in a screen for bullish breakouts on big volume. On Monday RAE had turned in solid earnings. I decided to offer $7 per share, the upper Bollinger band on the day of its big breakout. The order executed today.

Sell. RAE has had a very nice run up since I bought it. Althought the chart still looks quite strong, I decided to sell to lock in very nice profits.