Went long this morning Range Resources Corp (RRC) after watching it sport a very nice breakout pattern at $43.36.
NVLS Â is setting up as a nice breakout play with what appears to be a lot of momentum still left in the stock. The stop-loss is also very inviting, as the amount of capital that needs to be risked to the downside is minimal.Â
I’m pulling the trigger on one of the daily trading setups from a few days ago by going long on Monsanto (MON) at $62.93. I’m going to be much tighter with my stop-loss though by placing it at $61.20. If it goes lower than that, I’ll be out of the trade. Here’s the chart
I will admit, I was a bit nervous about pulling the trigger on this one, but you have to put those feelings aside, and trade off of the charts, and at the time I bought Mentor Graphics (MENT), I noticed the the market was consolidating at its lows and trying to bounce off of the
Here’s my third and last new position for the day – Citrix Systems (CTXS). I plan on waiting until tomorrow reevaluate everything, and then consider adding any additional new positions to the portfolio. As always adhere to a stop-loss – doesn’t have to be mine, but should be one you are comfortable with. Here’s
After closing out my long position in QID (Nasdaq UltraShort ETF) at the end of the day at $12.34, I bought a position in FLIR Systems Inc. (FLIR) at $28.35 with a stop-loss at $27.19. There’s no certainty that today’s sell-off won’t continue into tomorrow, however, I felt that it was appropriate to begin
The one other trade that I made to the portfolio today was Jack In The Box (JACK), off of a breakout of the bull flag (similar to GHL) that it had been trading in. The stock has already preformed very well, up already 1% from where I bought it. This pick actually came from
Couple of new swing-trades to the portfolio – GHL and JACK. The former of which is detailed below. As it stands right now, the market has struggled to break the 1196 level on the S&P, but unlike previous attempts, we haven’t seen a significant sell-off ensue as a result. Here’s the Chart Analysis on GHL.
Two new positions today in the portfolio – the first one was Walt Disney (DIS), and the second one was Goldman Sachs (GS). The latter of which is shown for you below. Notice the clear breakout. I typically wouldn’t buy a stock in financials based on the their recent weakness, but today offered some