Both of these trades are ripe for the picking. The first, Antares Pharma (ATRS) gapped down yesterday but did so on a major upward trend line and held its own. Today its continuing to do the same.,
It's anyone's guess whether it bounces, but what it does offer is a very tight stop-loss that you can take advantage of, and if it works, the profit should be a handsome one.
On the short side, Tetra Technologies (TTI) is breaking below a major support level, and in doing so, should attract additional interest from the street looking to take advantage of this technical breakdown.
Here's the Lazy Trades.
LONG: Antares Pharma (ATRS)
SHORT: Tetra Technologies (TTI)
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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 >>