Of the two trades listed below, I'm tempted to add Reynolds American (RAI) as a short position because I think it will struggle even if the market breaks out of the six-day market funk it is in, and if it does run hard against my position, it won't be able to do long without getting stopped out first.
The long setup in NTSP is looking great as well, but you want to wait for the trade to break out of consolidation first which it has yet to do. So patience is required here.
Here's today's lazy trades.
LONG: Netspend Holdings (NTSP):
SHORT: Reynolds American (RAI):
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 >>
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