Live Trading Room Stock Setups For August 9 |
By Dave Mecklenburg |
Published
08/8/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 9
We're seeing a few more consolidations intraday in the stocks. This cis ould be a good sign that volatility is narrowing, but also a possible sign that volume tailing off as we move deeper into August.
DGI LONG 32.66 32.78 $0.12 Trail hit. DO LONG 68.30 68.86 $0.56 Trail hit. DV LONG 32.87 32.74 $(0.13) DV LONG 32.43 32.24 $(0.19) ED LONG 60.63 60.63 $- AMT SHORT 68.98 69.17 $(0.19) LEN SHORT 32.53 32.34 $0.19 Exit end of day.
Total of $0.36 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $360 gross earnings for the day. $4.21 per share for the month. 1000 share per trade would be $4,210 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
CLF Cliffs Natural Resources Inc CRZO Carrizo Oil & Gas CXW Corrections Corp of America
Bearish Short-Side Setups
BKD Brookdale Senior Living Inc CLMT Calumet Specialty Products CTL CenturyLink Inc
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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