Swing Trades for the Week of Christmas

lazy lionCount on the volume to get much lighter going into the final week of the trading year. There will be less participation and less overall movements (typically speaking) from stocks and the market as a whole. However, it is still my goal to provide you with setups where I can find them, and two that I like are in Vulcan Materials (VMC) where I would’ve probably added this stock to the portfolio already, if I wasn’t trying to lighten up some on the portfolio as we near the week’s end. It has broken out nicely but pulled back on light volume to the breakout level. Risk/reward ratio is solid and worth taking action on. 

Phillips-Van Heusen (PVH) has been forming an incredible head and shoulders pattern over the past two months, and in the process of forming that right shoulder. Once it confirms at $108.80, I’m confident that it will look to fill the gap at $98. 

Here’s today’s lazy swing trades in chart format.

LONG: Vulcan Materials (VMC)

Vulcan Materials Company VMC swing trade long breakout

SHORT: Phillips-Van Heusen (PVH)

Phillips Van Heusen PVH head and shoulders pattern swing trade short

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