RAD Stopped Out for a 7% Loss

Following a false breakout/whipsaw buy signal with RAD (Rite Aid Corp) very briefly popping above both the price channel & the 3.79 resistance level, RAD reversed & hit the suggested stop of any move below 3.55 for a 6.6% loss. RAD will remain on watch for another possible swing trade but this recent trade will now be moved to the Completed Trades category. Previous & updated daily charts:

2017-06-07T14:44:36+00:00Jun 7, 2017 2:44pm|Categories: Completed Trades - Long|Tags: |2 Comments

Short Trade Ideas Updated

The following trade ideas have been removed from the Active Short Trades categories as they have either exceeded their previous suggested stops (or any reasonable stop, if none suggested) or the stock simply no longer looks to offer an attractive R/R at this time. Some of these trades may have already hit one or more profit targets while others did not. Most trade ideas on RSOTC are immediately removed from the Active Trades category upon reaching the final profit [...]

2014-07-09T18:52:33+00:00Jul 9, 2014 6:52pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Updated

Shorting RAD

RAD offers an objective short entry on today's gap below this well-defined uptrend line/bearish rising wedge pattern.  My preferred target is T2 (3.87) with a suggested stop over the 5.90 area.

2017-03-08T21:21:09+00:00Dec 19, 2013 10:24am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting RAD