Trent.klarenbach

ABR Long Idea

Long
NYSE:ABR   Arbor Realty Trust
ABR

ABR long idea above 12.96

I have an ascending triangle forming on the daily and a bullish pennant on the 30 minute chart.

Price is above the 10, 20, 50 and 200 DMA.

Price is above the ascending 5DAM on the 30 minute chart.

Price is above the YTD VWAP.

Initial Stop will be tight a t 12.84
Trade closed manually:
Stopped out at 13.56 for an average of 13.45.

Stop was pretty tight. Maybe too tight.

Held for 20 days.

3.69% profit.

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