Wednesday, April 21, 2010

A Gem...

I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through my screen last Wednesday but I declined adding it to my watchlist. However, after seeing the beautiful "pull back to 20 day MA" set up it has formed, I have added to my focus list and will trade tommorrow if it triggers!!!


I would go long @ $25.75 with a stop at $25.00. This gives me a minimum target of $28.00 based on the per share risk.



Here is the chart:





Good luck and good trading!
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

MY DAY TRADING RULES

I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...

  • A Gem...
    I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through...
  • Re-established my initial stops...
    For some reason the early weakness in the markets caused me to panic somewhat and so I tightened up my stops but I just realized that I was ...
  • My favorite set up...
    Generally speaking I like to trade pull backs in momentum stocks. Even when I am looking for position trades; I prefer to enter off a pull b...