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DaytradeTeam Buzzzzzzz: Range-bound Stock Might Be Ready for Short
By Andy Swan | Published  03/2/2006 | Stocks | Unrated
DaytradeTeam Buzzzzzzz: Range-bound Stock Might Be Ready for Short

When trading, you must know your markets. Right now we are in a sideways trend, as is ORCL. As you can see from this 6-month chart, ORCL isn't going anywhere--but don't let that keep you from cashing in on a nice swing trade:

As ORCL moves up and down in this sideways trend, look for shorting opportunities at the top of the range near resistance and buying opportunities at the bottom of the range near support.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.