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Lazy Trade Long & Short: WTSLA & GCA

03 October 2012
by Ryan Mallory

It's not often that I come across a five-letter symbol worth going long or short in, but WTSLA as a low-dollar stock, is setting up nicely to the upside for a breakout. The range to get in is between $3.26 and $3.33. I'd put the stop though at $3.12 which will keep risk at bay. 

The short setup comes from GCA which is in the financial sector but the sector as a whole has seen some wild swings of late. It's clearly breaking down off of the previous uptrend, but wait for a retest of the underside at $8.00 to play it safe.

Here's today's Lazy Trades.lazy person walking the dog with their car

LONG: Wet Seal (WTSLA)

Wet Seal WTSLA

SHORT: Cash Access Holdings (GCA)

Global Cash Access GCA

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ryan1Ryan (@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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