Short Trades Category Updated

The following Short Trade Ideas have either hit one or all of their price targets, exceeded their suggested stops and/or no longer look compelling from an R/R perspective. As such, these trades have been moved to the Completed Trades category, along with all associated posts for future reference: ACN - After hitting the first price target for a quick 10.4% gain, ACN reversed shy of T2 & went on to exceed the last downward revised suggested stop of any move above 100.50. AVGO- Hit T3 for a 20.5% gain, with that price target on the daily chart also coming in where [...]

Dec 15, 2015 3:42pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , |Comments Off on Short Trades Category Updated

NBIX Price Targets & Suggest Stop

NBIX (Neurocrine Biosciences) was added as an Active Short Trade on July 27th as this biotech stock was just breaking down from a bullish rising wedge pattern. In my haste to get the trade idea posted asap, I had added the horizontal support lines which would act as potential profit targets but stated that the official price targets & suggested stop would follow. With all the activity in the market since then, I was unable to follow up but in reviewing the Short Trade ideas today, I have now added price targets (T1 at 33.25 & T2 at 27.40) with a [...]

Sep 2, 2015 9:36am|Categories: Completed Trades - Short|Tags: |Comments Off on NBIX Price Targets & Suggest Stop

Shorting NBIX

NBIX (Neurocrine Biosciences) offers an objective short entry on this breakdown below the rising wedge pattern. As such, NBIX will be added as an Active Short Trade around current levles. Horizontal lines mark potential targets with suggested stops & targets to follow soon. On a related note, I'm currently looking for a move down in IBB (Biotech ETF) to at least the 333 area (about a 10% drop). As such, I plan to align my price targets on NBIX, as well as any other biotechs that might trigger an entry soon, with the charts of the biotech index. NBIX daily [...]

Jul 27, 2015 10:22am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting NBIX