Hey Everybody,
Michael here at Crane Capital and I wanted to tell you about a really nice swing-trade opportunity that I see coming up in the next few days. The stock is ECC or Eagle Point Credit Company Inc. From looking at the 3 dividend (month) and the 6 dividend (month) datasets (ECC is a monthly dividend paying stock) I see the best buying opportunity as 6 trading days (10/31/19) and 5 trading days (11/1/19) before the Ex-dividend date. I always wait until I see a nice uptrend before buying in and I always average in to the buys as well. If I see an upward trend then I will buy 50% of my position on 10/31/19 and if that upward trend is maintained then I will buy the other 50% of my position on 11/1/19.