Long or Short: Long
Reason for Trade: Not a typical trade setup, but I do like the near perfect retracement of the 38.2%. It is a high-beta stock, which is bull-flagging at the highs, and I am looking for a push into the $19's ultimately.
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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