Already long EverBank but holding off on shorting anything right now. 

homer simpson lazyI’ve taken the long position in EverBank Financial (EVER) today at $14.91. The stock sets up nicely with its long-term trend-line in place, inverse head and shoulders pattern in the short-term and subsequent breakout at my entry price. 

I’m going to use a stop loss initially of $14.13, but plan to move that up, particularly once the upward trend-line catches up. Then, i will just trail the stop-loss. 

The short setup comes in the form of Clean Energy Fuels (CLNE) which shows a nice rise into resistance and a mini bear-flag pattern at work. I’m not inclined to take this stock short yet until the market shows signs of a more extended pullback. So far, we just aren’t getting that right now. 

Here’s today’s lazy trade swing trading setups

LONG: EverBank Financial (EVER)

EverBank long setup swing trade strategy

SHORT: Clean Energy Fuels (CLNE)

clean energy CLNE short into resistance with bear flag

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