Taking Short Term Profits

Written by MrStockFox. Posted in Trade Ideas

Since the beginning of the year my Dividend Portfolio has increased by $15k with much of the gains coming over the last several weeks. Markets don't move straight up without any sort of correction.  Today I decided to take some profits in BA, HCN, and OHI. All of which I made around 20% in as little as 3 weeks.  In the chart above VTR has some significant resistance around these levels.  I am likely to reduce my position tomorrow.  I am also likely to take profits on some of my QCOM shares, which are currently sitting on a 23% gain.  I purchased these shares only 1 month ago.

If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.