Tuesday, January 09, 2007

Day Trade: Long TMO 30-min chart

  • The stock is active with strong upward momentum and confirming volume
  • Long entry at $46.45 on the break of the high of the 3rd bar
  • Initial stop at $46.30 which is the low of the 3rd bar
  • Sold 500 shares at $46.27 when position was stopped out
  • Trade closed with a loss of $90 ( -1.2R )

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