After the FOMC Minutes came out, and it became evident that the bulls were going to run with the afternoon’s price action I added one additional position to the portfolio in the SharePlanner Splash Zone in the way of URS Corp (URS). My stop-loss is tight so there isn’t too much to worry about here. I considered adding Lockheed Martin (LMT) with a stop-loss at $121.20, but chose to go with URS instead. I’m still looking ab Biomarin Pharmaceuticals.
I like on URS how it has pulled back to the previous breakout level after having spiked much higher. This gives bulls a second chance to reload and most of the time the opportunity to take the price higher than before.
Here’s the trade setup for URS:
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