Thursday, December 2, 2010

Long LOW

I went long on LOW yesterday on a market breakout, and it has not disappointed. 

Entered trade yesterday on the market open as I knew it would gap above its breakout level.  A better entry would have been two days ago when it closed right above its 200 day moving average.  Stock is already up ~8% so I will be tightening my stop-loss to protect those gains.

No comments:

Post a Comment