Position Updates & Gauges for Trading on 8/8/2014

Mish Schneider | August 7, 2014

New Position: Long JBLU 11.07 ATR .39

Name of Instrument: Jet Blue Airways

Sell Stop 10.47

Current Price: 11.13

Reason for Trade: After testing the 50 DMA twice, it gapped up over the 10 DMA and gave a good tight risk to below the 50 DMA. Has cleared the 6 month calendar range as well. If can hold and clear recent highs 11.59 see 12.00 or higher

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STOPPED OUT: 31.89 SCCO: Long 33.43

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