Generally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.
Price needs to break and hold above $5 to signal another advance.
Disclosure: long.
Price needs to break and hold above $5 to signal another advance.
Disclosure: long.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/