Monitoring this play here. Pull out a longer time period for GMCR. You’ll notice we are getting closer to May’s big spike, and July’s follow-through. If you are long this sector I suggest you cut some position. Or, begin shorting on breakdown….
CBOU recent wedge opening up a possible 15-20% move down on heavy volume. Careful above 7!…
I also have PEET up showing signs of retracement. For both CBOU and PEET, I am using GMCR as a guide. A re-test and fail on 62.50 resistance is a good spot to short, or you can short here and use a break above that spot as a cover flag.
If you enjoy the content at iBankCoin, please follow us on Twitter
Thanks Gio
Gio, take a look at $LPX, a classic bull uptrend bouncing off its 20 day moving average.
wow, a construction company in Louisiana. looks healthy above 7.25 and 7.44
LPX was only for a quick position trade and quick daytrade on friday.