| This Trade Was Closed June 6, 2012 |
Stop loss triggered at 30.98…not sure where this trade will go but I will keep an eye on it. Still trying to figure out my exit stategy. Made a small profit on this trade (long) , happy about that considering how the market had been performing.
| This Trade Was Updated June 6, 2012 |
Scratch the target price idea. Going to go ahead and just use a trailing stop. Moving it up to 30.60. Any thoughts on the fundamentals of this stock and why it is going against the market. Thanks. 30.80 is my new stop loss as of 6/4/12 31.00 stop loss as of 6/5/12
Original Trade Post:
Utilizing fast stochastic (5,3) to confirm possible move and increasing volume. Initial stop is at 30.30 which is bottom of recent swing low. Will also utilize fib retracement levels as trailing stop if entry is triggered so there is no intial price target.
Trade Details:
- The Ticker: PEG
- The Trade: Buy at $30.9
- Trade Opened: May 29, 2012
- Trade Modified:June 6, 2012
- Trade Closed: June 6, 2012
Chart courtesy Finviz. Click to open in larger window.
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