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Live Trading Room Stock Setups For May 13
By Dave Mecklenburg | Published  05/10/2013 | Stocks | Unrated
Live Trading Room Stock Setups For May 13

The stocks that triggered today gave us easy entries with slow, flowing movements. That lower volatility can make it easier to enter trades, and easier to move the stop to breakeven. But sometimes the low volatility means smaller ranges and more difficulty in hitting big targets.

LAZ LONG 34.49 34.80 $0.31
WMB LONG 36.50 36.63 $0.13 Trail hit.
BAM SHORT 38.00 37.85 $0.15 Trail hit.
EIX SHORT 49.69 49.66 $0.03 Trail hit.
WAG SHORT 48.64 48.64 $-

Total of $0.62 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $620 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.

Partial list of setups. Full list goes out by email. Subscribe to the distribution list here.

Bullish Long-Side Setups

CRI Carter's Inc
DKS Dick's Sporting Goods
EL Lauder (Estee) Co
FAST Fastenal Co
IVZ Invesco Ltd
LVS Las Vegas Sands Corp

Bearish Short-Side Setups

CTSH Cognizant Tech Solutions'A'
HES Hess Corporation
PANL Univl Display

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.