Playing the Pharmacyclics (PCYC) Bounce
Stock: Parmacyclics (PCYC)
Long or Short: Long
Entry: $80.56
Stop-Loss: $77.78
Chart: Pharmacyclics (PCYC) Daily Swing Trade Setup
Reason for Trade: Bit of a risky play no doubt, especially considering how far we continue to drop in this market. However, nearly everything I look at indicates that a bounce should happen here soon, and when considering how the markets are like rubber bands, if I’m right on this market having to bounce here, this stock is going to rip higher with the best of them.
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