Long or Short: Long
Reason for Trade: A lot of the charts are showing extremes in one direction or the other. You're either going through the floor or launching into the upper stratosphere. With Enersis (ENI) you have a stock that has had a nice pullback to key support levels and consolidated. Utilities are typically stocks that don't have a lot of volatility to them, but this one has enough that it warranted a long position on.
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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