Our Daily Trader portfolio scan generated following trade setups for Wednesday August 27th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.
- GrupoFinanciero SantanderMexicoSAB De CV (BSMX)
- Direction: Long
- Entry: 14.37
- Stop: 13.95
- Target: 14.61
- Pattern: Expansion Candle
- GW Pharmaceuticalsplc. (GWPH)
- Direction: Long
- Entry: 95.76
- Stop: 93.33
- Target: 103.75
- Pattern: Expansion Candle / Resistance Break
- Isis Pharmaceuticals, Inc. (ISIS)
- Direction: Long
- Entry: 40.27
- Stop: 39.07
- Target: 42.03
- Pattern: Expansion Candle / Resistance Break
- Ruckus Wireless Inc. (RKUS)
- Direction: Long
- Entry: 14.12
- Stop: 13.79
- Target: 14.68
- Pattern: Expansion Bar
- Lorillard Inc. (LO)
- Direction: Short
- Entry: 58.82
- Stop: 60.16
- Target: 56.93
- Pattern: Expansion Bar / Potential Support Break
- F5 Networks Inc. (FFIV)
- Direction: Long
- Entry: 124.50
- Stop: 122.55
- Target: 130.55
- Pattern: Expansion Candle
- Noodles & Co. (NDLS)
- Direction: Short
- Entry: 20.11
- Stop: 20.81
- Target: 18.40
- Pattern: Expansion Candle
Previous Trades Update:
Eight of our trades were triggered on August 26th.
- BITA (long) hit the target for 3.8% gain
- CLVS (long) hit the target for 3.1% gain
- VNET (long) stopped out for 3.2% loss
- TRW (short) – update the stop to 97.06 and maintain the target at 89.97
- VMW (short) – update stop to 99.50 and maintain target at 95.90
- MDVN (long) – maintain stop at 87.88 and target at 90.78
- SLCA (long) – update stop to 66.42 and maintain target at 67.93
- JD (long) – maintain stop at 30.59 and maintain target at 34.71
Prior Trades:
- C (long) – we will continue to hold onto this long trade. Move the stop to 51.21 and maintain the target at 53.30
- UA (long) – We will continue to hold onto this trade. Raise the stop to 69.95 and maintain the target at 73.89
Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.
- We usually avoid taking a position if there is big gap-up or gap-down.
- If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
- If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
- If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
- Remember to position size based upon your risk-tolerance
