Live Trading Room Stock Setups For August 19 |
By Dave Mecklenburg |
Published
08/16/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For August 19
We were able to push through a grinding day and find some late profits in DLTR, which got us positive on the day.
ABX LONG 19.38 19.38 $- ABX LONG 19.38 19.53 $0.15 Trail hit. DHI LONG 19.38 19.26 $(0.12) PENN LONG 52.90 52.68 $(0.22) TOT LONG 55.14 55.16 $0.02 Exit end of day. DLTR SHORT 50.77 50.34 $0.43 GCI SHORT 24.55 24.45 $0.10 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. $8.32 per share for the month. 1000 share per trade would be $8,320 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
DRC Dresser-Rand Group Inc HOG Harley-Davidson
Bearish Short-Side Setups
COV Covidien PLC (Ireland) CPT Camden Property Trust
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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