Yesterday I had an alert set for BIIB at 192 as it was support into the Close the previous trading day. In stocks that are in strong uptrends I like to buy at this price level if I see support on the tape. After pulling back to 192 BIIB moved sideways for over an hour moving above and below this important level. I got long at 192.10 with a stop below 191.80.
The market closed with BIIB at 191.70 and I decided to take the position home. One of my points of emphasis for 2013 is taking advantage of more swing trades in this low volatility low risk environment (see #NewNormal posts from january). When I turned on my platform this morning I saw BIIB print at 194.70. I figured it was just some Read more [...]
Yesterday I had an alert set for BIIB at 192 as it was support into the Close the previous trading day. In stocks that are in strong uptrends I like to buy at this price level if I see support on the tape. After pulling back to 192 BIIB moved sideways for over an hour moving above and below this important level. I got long at 192.10 with a stop below 191.80.
The market closed with BIIB at 191.70 and I decided to take the position home. One of my points of emphasis for 2013 is taking advantage of more swing trades in this low volatility low risk environment (see #NewNormal posts from january). When I turned on my platform this morning I saw BIIB print at 194.70. I figured it was just some Read more [...]