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RAX update

For those in the RAX short trade, be advised that RAX is currently trading down 12% in pre-market trading at a price of 65.80.   Therefore, this trade should comfortably gap down beyond T1 & my preferred target remains T2 (60.00) so make sure to have your limit order in place to cover in case that target is hit soon (assuming that you were targeting T2).  Depending on the price action & how the intraday charts set up on RAX after today, I might consider revising T2 as the final target.  T3 at 53.00 is still the current final swing target for now.

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2017-03-08T21:21:48+00:00Feb 13, 2013 9:07am|Categories: Completed Trades - Short|Tags: |Comments Off on RAX update