New Position: Long TAN Filled 40.30 ATR 1.05
Name of Instrument: (ARCX) Guggenheim Solar Energy
Current Price: 40.43
Sell Stop: 38.94
Reason For Trade: After a slingshot low May 21st, been compressing over the 200 DMA. June 11ths bullish engulfing pattern gave us a unique risk of only 1.5 ATRs to under the 200 DMA as solar stocks firmed on a weak day in the overall market
First Target: 43.29 or 3 ATRs from entry for 1/2
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Existing Position: Long OI 33.51 ATR .43
Name of Instrument: Owens-Illinois
Current Price: 33.04
Sell Stop: 32.29 or about 3 ATRs risk
Reason For Trade: Clears chart point since mid-April. Over 80 month moving average. Potential to 38 or better
First Target: 34.89 for 1/3
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Existing Position: Long PLD 41.31 ATR .56
Sell Stop: 40.77
Current Price: 41.19
Name of Instrument: ProLogis Inc
Reason For Trade: Nearly 3 months of consolidation, clearing the 50 DMA, over the 80 month moving average, has potential to 43.00 and above
First Target: 42.98 for 1/3
++++++++++++++++++++++++++++++++++++++++
Existing Position: THC: Long 45.35 ATR 1.38
Name of Instrument: Tenet Healthcare
****Trailing Profitable Stop: 46.77
Current Price: 48.20
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.
***REACHED: First Target: 48.69 for ½
Second Target: 52.00
