I’ve decided that every day I will talk about one stock on my watchlist. Today I will mention EDU, which is near a new all-time high:

New Oriental Education & Technology Group “provides private educational services based on the number of program offerings, total student enrollments, and geographic presence in China.” EDU, which is on the IBD 100, has an average volume of over 300k and 16.7 million float. It has continued to rise since its IPO less than a year ago and its growth is nice.
Where would I buy and where would I sell? I’d be looking to buy EDU with a break over $50 with volume. If you can get in on the day it does this, you can put your stop pretty close and have a good chance of staying in the trade. In other words, it would provide a nice low-risk spot to start a position. If my stop isn’t hit, then I would put in a trailing stop and relax. Maybe I’d go for a walk in Fairmount Park, stop at the coop and get some organic produce. As EDU continues to rise, I would also profit from much less expense in trading commission. From past experience I have found that it gives me a psychological edge to only have positions that are in profit.