Below are five stocks that I’ve identified as providing excellent risk/reward setups. I’ve already gone long in one of them – Wabco Holdings (WBC) at $53.98.
On another front – I got stopped out of WLT this morning, which was a short position that I was using to hedge against this market, and the early morning weakness it was showing. That stop-out is really of little consequence to me, as a stop out in that position, will be more than covered by my long positions that I have as of this post.
Here are today’s 5 trade setups.
SHORT: Lan Airlines (LFL)
LONG: Wabco Holdings (WBC)
SHORT: Sally Beauty Holdings (SBH)
LONG: Vimpel Communications (VIP)
SHORT: VF Corp (VFC)
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