The ‘B’ Sides
- Posted by Greg Harmon
- on December 12th, 2010
Following on from the Top 10 trade Ideas here are the ‘B’ sides. Great stuff but maybe not as wide spread as the initial list, and less TA help. Some are a little more edgy and racy. Keep them to yourself. 9 juicy trades tonight.
APL

Flagging, like it over 26 with a target of 29, or under 24 with a target at 21.47.
BEAT

Lifting nicely and heading higher to 4.73 and then 4.86 above that. Support at 4.34 and then 4.25.
BSX

Broke flag higher, now headed to 8. Using support at 7 as a stop. 8.1 reward to risk ratio.
EZPW

Continues rise and heading up to 29.03. Through then sees 32.29 as resistance.
IVN

Testing support at 23.70. If it holds then like it long to 24.79 & 27 targets higher. If it fails then short to 23 & 21.79 are support before 18.68.
LULU

Love product but wish I had bought Dec 60 puts Friday. I hope it holds up to Monday. Very overbought and it is going to rest at least or fall back into the Bollinger bands. Looking for 62 support.
RAX

Shooting star! Support below at 29.10 and then 27 if fails at 30. Use a tight stop.
RF

Bull flag with resistance higher at 6.73 then 7.16 and 7.40. Either support at 6.44 or 6.08 lower can be used as stops.
TYC

Broke out higher and now in a bull flag. If can get above 41.50 then the target is 46. Support at 41 or 40 lower can be used as a stop.
Good luck all.
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Gregory W. Harmon CMT, CFA, has traded since 1986 and held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)