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CSGP Stopped Out

The CSGP (Costar Group) short trade has been stopped out today, exceeding the previously suggested stop of 153.85 shortly after the open following an earnings induced gap. As mentioned recently, each trader must decided whether on not to hold or close a position before they report their quarterly earning results. A link to the Briefing.com Earnings Calendar is available under the Tools of the Trade area on the right side of the home page. Gaps are unavoidable events with any type of trading other than day trading (where all positions are closed out by the end of each day).  Sometimes they [...]

2014-07-24T10:58:09+00:00 Jul 24, 2014 10:58am|Categories: Completed Trades - Short, Trading Tips|Tags: |Comments Off on CSGP Stopped Out

Shorting CSGP

CSGP daily July 16th CSGP (Costar Group Inc) offers an objective short entry on this break below the intersecting uptrend line & 146ish horizontal support level. T1 at 117.08 is currently the sole target with a suggested stop over 153.85 (based on a 3:1 R/R). A second target at 86.50 may be added depending on how this trade & the broad market play out going forward. click here to view the live, annotated chart of CSGP

2017-03-08T21:20:53+00:00 Jul 16, 2014 10:58am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting CSGP