Long or Short: Long
Reason for Trade: Bounce off of short-term trend line and the belief that this stock really doesn't have any potential (real) catalysts to the downside, because there isn't likely chnace that any legislation comes out of Congress that would negatively impact their business model.
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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