Existing Position: Long CSC at 62.98 ATR .86
***NOTE-Must exit on or before August 7th before earnings-no date confirmed
Name of Instrument: Computer Sciences
Current Price: 63.40
**Stop Loss: 62.19
Reason For Trade: Second try against the 50 DMA with less than 1.5 ATR of risk and weekly chart support-Reports August 7th so will exit before.
First Target: 64.67 for 1/2
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Existing Position: KRE: Long 40.33 ATR .65
Name of Instrument: SPDR S&P Regional Bank
Sell Stop: 38.97
Current Price: 39.48
Reason For Trade: Great basing action over the major moving averages. Long term trade with $4.00 move probable to start
First Target: 42.24 for 1/3
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Existing Position: Long 2/3 OI 33.51 ATR .43
***NOTE: Must exit by end of day 7/29 ahead of earnings
Name of Instrument: Owens-Illinois
Current Price: 34.16
Breakeven stop: 33.51
Reason For Trade: Clears chart point since mid-April. Over 80 month moving average. Potential to 38 or better
***First Target: SOLD 34.54 for 1/3
****Second Target: 35.50 for another 1/3 off
