Stock: The Lorillard Group (LO)
Long or Short: Long
Entry Range: $117.30-117.75
Reason for Trade: Ideal double bottom in place on LO and is showing signs of breaking out of 2-day consolidation in a very impressive manner. There is some resistance at $121 to be aware of, but ultimately I'm looking for a move over the next couple of weeks that will take LO up to $127.
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 with a wife of seven years as well as one lively son. More >>
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