Position Updates & Gauges for Trading on 5/21/2014

Mish Schneider | May 20, 2014

Existing Position: Long ANF: 38.20 ATR 1.35

Name of Instrument: Abercrombie & Fitch Co.

Sell Stop: 36.26

Current Price: 37.17

Reason For Trade: Converging moving averages on daily chart with perfect risk under 200 DMA. Long term charts 2 year double bottom in place. Good upside potential

First Target: 40.94 for 1/3

View Gauges
View Gauge

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


Existing Position: THC: Long 45.35 ATR 1.38

Name of Instrument: Tenet Healthcare

Sell Stop: 42.99

Current Price: 45.92

Reason For Trade: 2014 pick. Held the 65 weekly and 23 monthly moving average. Corrected to the 200 DMA and held-long term potential over 50.00 great.

First Target: 48.89 for 1/2

View Gauges
View Gauge

About the author

+ posts