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CVU long setup

CVU was a recently completed long trade that was good for a 13.3% gain when the first target was hit on Feb 1st.  The stock pretty much stopped cold at that resistance level where it consolidated before a big gap and crap move lower just a few days later.  I've been keeping an eye on it since and it seems to be coiling near the apex of this falling wedge pattern on the 60 minute chart.  As this is a volatile stock and one under heavy distribution at that, this would be considered an aggressive trade and best to consider a [...]

2017-03-08T21:21:44+00:00Mar 8, 2013 2:38pm|Categories: Completed Trades - Long|Tags: |Comments Off on CVU long setup

CVU update

I decided to take the day off yesterday and plan to continue updating some of the trade ideas today.  First on the list is CVU, which as I posted recently, hit the first target & I suggesting booking partial or full profits as a pullback off that level was high.  Turns out it was an earnings miss, not the broad market that took it down hard today but nonetheless, the stock has made a very sharp gap lower from the T1 level and will thereby be considered stopped out and removed from the active trades list. For those longer-term traders who [...]

2013-02-06T10:19:06+00:00Feb 6, 2013 10:16am|Categories: Completed Trades - Long|Tags: |Comments Off on CVU update

CVU first target hit

CVU hit the first profit target (T1) on Friday (and slightly exceeded it) for a 13.3% gain.  As the stock is still trading around that level, consider booking partial or full profits or at least raising stops as the risk to a pullback in the broad markets is extremely high right now.  I will leave the trade as active for now for those targeting T2 as the chart still looks constructive although the odds for a pullback off the T1 level is quite high IMO.  There are many ways for a longer-term trader to play this.  e.g.- Book full profits here [...]

2017-03-08T21:21:49+00:00Feb 4, 2013 10:22am|Categories: Completed Trades - Long|Tags: |Comments Off on CVU first target hit

CVU long

CVU looks to be offering an objective long entry here as it makes a backtest of bullish falling wedge that it recently broke out from (daily chart).  Targets & suggested stops on chart.  Longer-term traders might consider using a more liberal stop somewhat below the key 9.30 support area (weekly chart).  CVU will be added as an active long here at 10.15 with a stop below 9.70.  Additional targets may be added for longer-term traders if the trade begins to play out.

2013-02-04T10:25:15+00:00Jan 16, 2013 2:45pm|Categories: Completed Trades - Long|Tags: |Comments Off on CVU long