I think this is the third time that Dunkin Brands (DNKN) has make it to the Lazy Trade Spot Light. And each time it hasn't let us down either. So there is some definitely possibilities with this one again as it rises back into the upperband of the declining channel.
Invensense (INVN) comes from another fellow trader who frequents SharePlanner and asked about my thoughts on the trade and I got to hand it to him - he found a stock with a very appealing edge to it.
I personally have yet to take any new trades today, as I'd like to see a rise into the OPEX closing so that I can liquidate some positions.
Here's the Lazy Trades:
Long: Invensense (INVN)
Short: Dunkin Brands (DNKN)
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>