VAC Swing Trade Setup

VAC (Marriott Vacations Worldwide) will trigger a short entry on any move below 98.00, which will have clearly taken it below this most recent bearish rising wedge as well as minor horizontal support on the intraday time frames.

VAC daily April 18th

VAC daily April 18th

The sole price target at this time is T1 at 91.08 which would be good for a relatively modest gain of about 7% if hit. Depending on how the charts of VAC & the broad markets develop going forward, a second target around the 80.20 level might be added as well. The suggested stop is any move above 100.00 with a suggested beta-adjustment of 1.0 (i.e.- a typical position size).

note: VAC is scheduled to report earnings on or around May 4th.

Apr 18, 2017 12:24pm|Categories: Uncategorized|Tags: |0 Comments

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