Position Updates & Gauges for Trading on 1/22/2014

Mish Schneider | January 21, 2014

***NOTE: IGT: Earnings date changed 1/23 after close. See updated stops/targets

FITB Reports the 23rd as well-see updated stop

KRE Stop updated

+++++++++++++++++++++++++++++++++++++++

New Position: KRE: Long 40.40 (ATR 1.22)

Current Price: 40.90

Name of Instrument: SPDR S&P Regional Bank

***RAISED Stop Loss: 39.47

First Target: 41.89 for 1/2

View Gauges
View Gauge

++++++++++++++++++++++++++++++++++++

Existing Position: VNO: Long 90.07 2/3 position

Current Price: 92.27

Name of Instrument: Vornado Realty Trust ATR 1.23

Reason For Trade: Confirmed phase change to bullish on daily chart. In good position on week/month charts.

Break Even stop: 90.07

REACHED***First Target: 91.87 sold 1/3

Second Target: 93.49 for another 1/3

View Gauges
View Gauge

+++++++++++++++++++++++++++++++++++++++++

Existing Position: Long IGT 17.96

Name of Instrument: International Game Technology

Current Price: 18.14

****Raising Sell Stop: 17.37

***First Target: 18.54 for ½ then will let rest go until the 23rd

View Gauges
View Gauge

++++++++++++++++++++++++++++++++++++

Existing Position: Long FITB 19.10 ½ position

Name of Instrument: Fifth Third Bancorp

Current Price: 21.82

***RAISED Trailing Stop: 21.49

REACHED**First Target: 20.94 Market if touched for ½

***Second Target: 23.49 or out before earnings

View Gauges
View Gauge

About the author

+ posts