Overall stock is trending up slightly but still is somewhat range bound…believe it has hit a nice resistance level and is going to bounce further tomorrow. Initial stop at 25.30
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International Paper (IP) has two qualities that make it a strong prospect for bulls right . . .
CAVM, looks to bounce nicely off of its low since August 2010…looks to be on trough of swing. Intial stop at 23.42
Hopefully it sticks to its pattern and gives one more nice upswing. Inital stop at 19.48 (my standard 4%). Should be a short trade, maybe in and out in less than 3 days
Please see my other posts for rationale. Also, my stops on AWAY, SKUL, and this stock are at 4% of entry.
If you have followed my other picks, hopefully you have picked up on my reasons. Range bound, price a little low, but good looking chart. Entry is pretty far from close, but with these lower priced stock I need the momentum in my favor. Only difference here (as opposed to past picks) is that this . . .