New product release could fuel IZEA on gap up
IZEA released its new product, ContentMine, which helps companies marketers more easily find, organize and share content. The stock saw a 13% gap up on Sept. 22. Profits from the new product could help fuel a continuation on the move up. As of now, RSI shows bullish strength and the stock is consolidating into a falling triangle on decreasing volume, signaling a possible continuation.
Personally, I'm long with a stop @ 5.45. I determine position size by the following 1% of portfolio/volatility(distance from entry to stop). If, I'm placing a position trade then my stop is 2ATR from entry, if I'm trying to place a short to mid-term trade, my stop is usually under an area of support.
Again, this is not advice or a suggestion to buy. This is just how I see the stock and what I'm doing with it.
Personally, I'm long with a stop @ 5.45. I determine position size by the following 1% of portfolio/volatility(distance from entry to stop). If, I'm placing a position trade then my stop is 2ATR from entry, if I'm trying to place a short to mid-term trade, my stop is usually under an area of support.
Again, this is not advice or a suggestion to buy. This is just how I see the stock and what I'm doing with it.
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