Two Swing Trade setups to watch: GNRC and TGT

lazy computer guyTarget Corp (TGT) has been on my bearish watch-list for quite some time now. The rally into resistance shouldn't be taken serious here. It has the look of a stock that is ready to head south again and possibly form a new low at which point, I think will finally mark a bottom in the stock.  

The second of the two is in Generac Holdings (GNRC). I think the setup is stellar in this one, particularly if you can get in at $34.60 or less with a stop-loss at $33.95. A very nice reward-to-risk setup. My only word of advice is to be careful with this one as the volume has been on the thinner side of late, but if you get a pickup in buying interest, you should be positioned well to profit from GNRC. 

Here's today's lazy swing-trades

LONG: Generac Holdings (GNRC)

Generac Holdings GNRC

SHORT: Target Corp (TGT)

Taraget TGT


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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. More >>

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