Trade Setup
Ballantyne Strong, Inc. and its subsidiaries engage in various business activities focused on serving the entertainment, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Entertainment, Convergent, and Strong Outdoor. The Strong Entertainment segment manufactures projection screens and customized screen support systems; and manufactures and distributes screens to theme parks, museums, and schools as well as for special events.
Stocks found in the category TradersPro New Uptrend are low priced stocks priced between .30 and $3, with at least 50k shares of average shares trading per day. The stocks are starting new uptrends and have buy signals. These are high reward to risk stocks with the potential for very sharp moves. A stop should be maintained at the low of the most recent hold signal day. Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro. Trailing stops or letting the stock run until the next sell signal is also a sell strategy.
