Lock it Down with LifeLock

• Posted by Greg Harmon
• on November 9th, 2016

Last night Donald Trump locked down the election to become out 45th President. This morning many are fearing that he will lock down the border. Let’s not get ahead of ourselves though. Donald Trump was elected President, not crowned King. There are other branches of Government that he must work with to get any agenda through. And despite Republicans in charge of the House, Senate and White House, we have learned nothing if we do not realize that all Republicans do not share the same beliefs.

So rather than worrying about locking down the border why not look at locking down your own life. And while you are at it take a look at LifeLock stock ($LOCK) as a path to move your portfolio forward. The longer term weekly chart below tells the story.

LifeLock fell hard in July 2015 after poor reaction to their earnings report, but immediately started back higher. By November it was nearly back at that break down level only to fall back again. It found support at a higher low and started back higher in February this year. It has continued higher since and is now back at the 4th Quarter 2014 highs.

The post election move Wednesday is triggering a short term breakout. And a close on the weekly candle at Wednesday’s price would be a better than 2 and a half year closing high. As it rises the Bollinger Bands® are opening to the upside after a squeeze to allow a move higher. The RSI is bullish and rising and the MACD is tilting back to the upside, and positive. Short interest is almost 11% in the stock, giving lots of fuel for a move higher.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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