Sell Alert: stopped out of Centrus and Recursion
10th March 2025 |
We made a decision when these two stocks entered a profit position to ensure that if the market started to move against us, we’d be able to get out of these without too much damage.
That kind of downside risk management is important to have in highly volatile and risky stocks. And right now the overall market is highly volatile and has experienced a couple of weeks of painful moves lower.
With Centrus Energy (NASDAQ:LEU) it had been in a very strong profit position for us. Thanks to that we were able to set a stop exit at $80.80. This would mean locking in a 100% gain if the stock headed under that.
It did last week, which means we’re stopped out of Centrus Energy for a 100% gain.
The reason we put a stop on Recursion Pharma (NASDAQ:RXRX) was in the event Nvidia got sick of the stock and sold it off. That’s not that case (as far as we know) but the stock also headed south last week. It crossed the $7.28 stop exit we set to ensure we’d be out of the position without harm nor foul.
As such, we’re also stopped out of Recursion Pharma for a 0% outcome.
Sam Volkering
Co-editor, Southbank Growth Advantage
