Swing-Trade Setups for just this kind of market

lazy road killWe are showing  here in the last hour of trading some bearishness despite the ramp up that occurred from this morning and onward. I don’t expect us to turn red on the day, but the bulls clearly aren’t comfortable in their own skin no matter what the gains are on the day. 

On the day’s lazy trades long and short, I’ve tried to be as careful as possible (and conservative) with the long setup. Dominoes Pizza (DPZ)  is testing a long-term trend-line in a rising channel over the past couple of days, and why this trade setup is so alluring is that it allows you to play the stock without much risk at play, due to being able to place the stop-loss just under the current price consolidation and trend-line. 

The second one comes in the form of Alexion Pharmaceuticals (ALXN) which has, quite frankly, been a great short setup all year long. Now it has retested the underside of support and is looking to move lower yet again. 

Here’s the trade setups for today’s Lazy Swing Trades

Long: Dominoes Pizza (DPZ)

Dominos Pizza DPZ swing-trade long

Short: Alexion Pharmaceuticals (ALXN)

Alexion Pharmaceuticals ALXN short setup swing trade part 2

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