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FIT Swing Trade Entry Triggered

The FIT (Fitbit Inc.) swing trade setup has triggered an entry with a break over the 6.20 resistance level on the 60-minute chart as well as the bullish falling wedge pattern on the daily time frame. FIT is now an Active Long Swing Trade. Click here to view Friday's post which includes the notes on this trade along with price targets & the suggest stop parameters.

Feb 27, 2017 10:09am|Categories: Completed Trades - Long|Tags: |3 Comments

3 Comments

  1. Profile gravatar of rsotc
    rsotc February 27, 2017 12:59 pm at 12:59 pm

    FIT currently tracking to do around 12.2mm shares vs. a 90-day average volume of 11.3mm shares. Ideally, I like to see a breakout occur on 1.5x or greater avg. volume so the two things I’m watching for right now are a break over today’s previous reaction high of 6.47 and increased volume, ideally with a fairly sharp advance, in the final hours of trading today.

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    • Profile gravatar of rsotc
      rsotc February 27, 2017 2:42 pm at 2:42 pm

      FIT went on to take out the aforementioned previous reaction high of 6.47 with an expansion in volume so far, now trading up nearly 5% on the day. So far, so good although there’s still 1:20 left in the trading day.

      FYI- Just completed a video update on GLD, SLV, PPLT & GDX. Processing & uploading now, should be posted shortly.

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  2. Profile gravatar of hardsix
    hardsix February 28, 2017 9:54 am at 9:54 am

    DONT KNOW ABOUT THIS STOCK ?
    SP CAPITAL SAYS YOUR GOING TO BE WAITING A LONG TIME FOR A TURN AROUND GUESS ABOUT A YEAR THINKS THERE GOING TO LOSE 27%2017 TURN AROUND IN 18
    FREE ON SCOTRADE GUESS TEC ANALYSIS PRO DONT MIX THESES OLD REPORT WITH A GOOD CHARTS

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