Cloudera (CLDR)

[jugs]

Every day can be a new day when it comes to Cloudera (CLDR). Starting a position gingerly one month ago, I added about four times and have been holding 3,000 shares over the last two to three weeks. Gains currently amount to $7,837. More importantly, trading patterns strongly suggest that momentum is in control for now and it's definitely showing a positive bias. I'd be adding to my position but already owe a bunch due to margin utilization to cover CLDR and last-minute purchases of NGL bought to beat the stock's going ex-D a week ago. All those buys are profitable for sure.

Meanwhile, capital gains in CLDR (and NGL) are incredibly noteworthy and show no let-up in sight. So I'll be staying the course for sure.

This is a wonderfully exciting situation that begs for further investment. After all, CLDR is in a super sweet-spot and has been making a lot of "right" moves to strengthen earlier perceived weak spots. We could easily rise another $6 and I'm leaning towards our hitting $25.

Happy hunting!