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USCR First Price Target Hit for 11% Gain

USCR (U.S. Concrete) has hit the first price target, T1 at 51.08, for a 10.9% gain. As prices have sliced right through that level, odds favor a continued move lower to the T2 level before any substantial reaction although any backtest of the 51 level would offer an objective add-on or new short entry with a stop somewhat above that level.

USCR daily Jan 4th

USCR daily Jan 4th

USCR was originally shared as a trade idea from Shambo in the trading room & posted as an official trade idea on the front end of the site here on Nov 18th (nice call Shambo, thanks!). T2 (44.86) remains the final target at this time.

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Jan 4, 2016 1:15pm|Categories: Completed Trades - Short|Tags: |Comments Off on USCR First Price Target Hit for 11% Gain