The company meets my fundamental screens. But I'm just looking for a quick 2R - 3R bang from it at the moment.
Trade idea is outlined on the chart.
Price gapped again on volume above $78 resistance after basing below $71. Price is trading +4% from the 50 Moving Average and has had a significant run since January 2017, hence the reason I'm more hesitant to enter a longer term position and thus just looking for a quick swing trade.
I'm doing this thru shares and not options.
Limit buy order slightly above yesterday's highs. Stop is placed accordingly for a short term swing trade.
I have set two separate price targets for you guys to choose from.
Trade smart, with a plan and manage your risk. =)
Trade idea is outlined on the chart.
Price gapped again on volume above $78 resistance after basing below $71. Price is trading +4% from the 50 Moving Average and has had a significant run since January 2017, hence the reason I'm more hesitant to enter a longer term position and thus just looking for a quick swing trade.
I'm doing this thru shares and not options.
Limit buy order slightly above yesterday's highs. Stop is placed accordingly for a short term swing trade.
I have set two separate price targets for you guys to choose from.
Trade smart, with a plan and manage your risk. =)
Trade active:
Stop Limit Buy Order Triggered earlier this morning, mostly flat for the day. Good luck =)
Trade closed: stop reached:
Stop Reached this morning. Risk was managed, plan was followed so I'm happy.
