Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
Reversal Stock Trades For January 10
http://www.tigersharktrading.com/articles/24015/1/Reversal-Stock-Trades-For-January-10/Page1.html
By Reversal Trader
Published on 01/9/2013
 

National Grid (NGG) formed a strong reversal today. Which stocks are setup to continue their reversal of price action?


Reversal Stock Trades For January 10

Entry on a break of the previous trading day's high. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector strength. Day trade setup is only good for the upcoming trading session.

NGG National Grid PLC

Entry on a break of the previous trading day's low. Avoid trade until bid/ask spread is one or two cents. Confirm trade with market and sector weakness. Day trade setup is only good for the upcoming trading session.

MDC MDC Holdings Inc
TWTC TW Telecom Inc Class A
RGP Regency Energy Partners LP

Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.