In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding their suggested stop while others failed to reach any downside profit target. As always, all completed trade ideas on RSOTC are archived indefinitely under the Completed Trades category for future reference. AON: Dropped 10% following the short entry before reversing just shy of the T1, the [...]
WAB (Wabtec Corp, aka Westinghouse Air Brake Technologies Corp) will trigger a short entry on a break below 81.50. With an expectation for a minor reaction following the initial tag of the S1 support zone, that level could provide an early target for active traders. Otherwise, T1 at 70.20 is the sole profit target on WAB should a short entry trigger soon.