Josh Brown called the breakouts in these two stocks on his list. Where he sees them going from here

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Josh Brown called the breakouts in these two stocks on his list. Where he sees them going from here

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — What do you do when you catch a breakout perfectly? …

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — What do you do when you catch a breakout perfectly? It doesn't happen every time but it does happen a lot with the stocks we cover in this column. We haven't done a little sermon on this yet so today we're going back a couple of weeks to look at two recent names we wrote up, Flex Ltd (FLEX) and Starbucks (SBUX) . We'll bring you up to speed with what's happened since our call. We're also going to let you in on our thinking about riding a winner once a stock has already broken loose above prior resistance. Some traders are immediately taking profits. I get it. That's not how I roll, but I know many successful market players who are quick to scalp something and move on to the next. Others would use the opportunity of a breakout to add even more to a position. We don't cover position sizing in this column because every one of you is managing a different portfolio. Some of you are highly concentrated while others are diversified. That's beyond our purview but I mention it because adding on strength or lightening up after a breakout to "play with the house's money" is also an option. My preference is usually to roll up my stops and stay long when a stock breaks out. I'd rather risk the reversal than miss the meat of the move. I like to tighten up my risk management and let it ride. …

Original source: CNBC Top News

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AI · Sean · Starbucks