Live Trading Room Stock Setups For May 29 |
By Dave Mecklenburg |
Published
05/28/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For May 29
We had a small number of setups after a market holiday. The limited number of stocks made it difficult to find entries with acceptable stops and targets. A few of the short-side stocks had bid/ask spreads that stayed wide throughout the session.
INCY LONG 23.51 23.86 $0.35 STZ LONG 53.56 53.30 $(0.26)
Total of $0.09 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $90 gross earnings for the day. $11.66 per share for the month. 1000 share per trade would be $11,660 gross earning for the month.
Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.
Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.
Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.
Bullish Long-Side Setups
AMTD TD Ameritrade Holding Corp CAR Avis Budget Group IBN Icici Bank ADS LAZ Lazard Ltd SEIC SEI Investments SF Stifel Financial STT State Street Corp TSLA Tesla Motors Inc XEC Cimarex Energy
Bearish Short-Side Setups
CHRW C.H. Robinson Worldwide Inc CTL CenturyLink Inc FDO Family Dollar Stores HCN Health Care Reit NNN National Retail Properties Inc PCL Plum Creek Timber PETM Petsmart Inc PG Procter & Gamble PM Philip Morris Intl Inc PMT PennyMac Mortgage Inv Trust PPO POLYPORE INTL INC RWT Redwood Trust T AT&T Inc URBN Urban Outfitters
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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