iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Late Night Strategy for Thursday

HdpuYH4

Earnings plays aside, it is still fairly slim pickens out there in terms of attractive technical setups for swings.

I would argue that the heavily-shorted SHLD, though, may be ripe to squeeze higher the rest of this week for a quick long trade.

I am looking for the stock to make a move which holds over $40, at least. On the daily chart, below you can see a beaten-down stock which has been quiet in recent weeks, grinding sideways as volume has tapered off. This is not an ideal long setup for me, insofar as the chart still being mired in a correction. However, the potential for a move up and out of the highlighted triangle is certainly there.

Earnings for Sears are nearly a month away.

Drop me your top tickers overnight.

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SHLD

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3 comments

  1. Gary

    Hey Chess, you think POWR is ready?

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  2. ralph braseth

    $SD

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