SGY- Wonderful long again

For hedge we took a position on SGY as it pulled back to Moving average support. It is a momentum play & we are looking for a rally up to 19.13.

You can check our detailed analysis on SGY in the trading room/ Executive summery link here-
www.screencast.com/t/albA50iuLT
Time Span: 44:20”
Trade Suggestion Date: 5TH Jul
Trade open: 11.70 (6th Jul)

Trade fermée: cible de profit atteinte:

SGY magic again, gaped up higher then our target price. We were able to lock 52% profit in only 6 days.

However the stock reached a intraday high of 25.40 a 100% gain from our entry.