Live Trading Room Stock Setups For April 26 |
By Dave Mecklenburg |
Published
04/25/2013
|
Stocks
|
Unrated
|
|
Live Trading Room Stock Setups For April 26
Another good day of trading. A few winners triggered early in the session. The Mosaic Company (MOS) triggered early and took 90 minutes to reach the target. Loews (L) triggered soon after MOS, but spent almost five hours working its way to the target. The target was missed by one cent, so the exit was on a break of the last pullback/consolidation.
The big winner on the day was the late short sale in Cognizant Tech Solutions (CTSH). We had a 35-cent stop above a consolidation that broke down through the Central Pivot. The Resistance 1 Pivot was just a little too far, but nice trade back to the Zero Fibonacci line.
AVT LONG 32.87 33.03 $0.16 Exit end of day. CCJ LONG 19.01 19.07 $0.06 Trail hit. L LONG 44.64 45.07 $0.43 Trail hit. MOS LONG 60.73 61.29 $0.56 MSFT LONG 32.27 32.02 $(0.25) GIS SHORT 49.30 49.56 $(0.26) CTSH SHORT 62.95 61.85 $1.10 Trail hit. SGEN SHORT 37.09 37.09 $-
Total of $1.80 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,800 gross earnings for the day.
Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.
Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.
Bullish Long-Side Setups
CTRX Catamaran Corp DGI DigitalGlobe Inc ESRX Express Scripts Holding Co JWN Nordstrom, Inc KORS Michael Kors Holdings, Ltd. LVS Las Vegas Sands Corp QIHU Qihoo 360 Technology Co., Ltd. ROST Ross Stores SHLD Sears Holding Corporation
Bearish Short-Side Setups
ABC AmeriSourceBergen Corp CAH Cardinal Health Inc CCE Coca-Cola Enterprises Inc DK Delek US Holdings Inc HLX Helix Energy Solutions Group PTEN Patterson-UTI Energy PXP Plains Explor & Production
Additional stocks may be posted in the Live Trading Room in the morning. The room opens at the opening bell. There is no pre-market analysis or chat, because pre-market data has no effect on how or what I will trade. There are typically no trades within the first 15 minutes of the market session. Request your free invitation to the trading room here.
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
|