Position Updates & Gauges For Trading on 6/23/2016

Mish Schneider | June 23, 2016

Existing Position: Long WWE 18.08 ATR: .40 Name of Instrument: World Wrestling Entr’A Current Price: 18.51 Reason For Trade: There is a classic wedge forming on the daily chart with all moving averages within 47 cents of one another. It is currently above all of them.Furthermore, the moving averages are in process of converging. On the weekly chart, it is above the 50-week MA. 17.70 is a good interim support level we can use if

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