Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Wednesday, February 2, 2011
Potential news based break out...
Saw this stock on the NASDAQ after hours top ten gainers list. Check the charts and saw that it was consolidating nicely after a hugh price volume spike in early December and is now trading right at the break out level ($13.80 pre-market) after spiking on good news after hours.
If this stock cracks $13.80 which is a multi-year high then this could run up for the next day or two.
So keep and eye on this for a swing trade.
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...
-
My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
-
I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
-
I have narrowed down the stocks I want to own to two stocks: DECK and CMG. Need less to say, they both meet all the CANSLIM requirements. In...
No comments:
Post a Comment