iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Two Trading Ideas Cut High and Tight

fullmetaljacket-haircut

Here are two long ideas for Monday. I like them on further strength, as they have both consolidated “high and tight” after recent breakouts higher, meaning they quietly digested the strong move. In other words, sellers did not apparently overwhelm the new high prices, as the stocks worked off short-term overbought conditions.

Therefore, they become candidates for secondary breakouts higher.

I woud place protective stop-loses below Friday’s lows.

__________________________________________

TRGI

__________________________________________

TW

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter