Added SHZ this morning at $6.09 with a stop-loss at $5.71. Not the type of stock that I typically like to trade, but the pullback to the 50-day moving average and long-term trendline, followed by, what appears to be, an orderly pullback. This swing-trade could morph into a day-trade, should there be substantial gains today. I’m not sure if that will happen or not, but if so, I won’t be too enthusiastic to risk the profits over night.
It is also worth mentioning that I added some March DIA $119.75 puts as well.
Here’s the Chart Analysis on SHZ.
