BGCP is bullish in anticipation of good earnings

Chartoholic Updated   
NASDAQ:BGCP   BGC Partners, Inc
BGCP is advancing with a bullish price action backed up by bullish 50 and 200 daily MAs crossing and broke the previous high on Friday. I was expecting a pullback which did not happen, entering now may be risky as it already gained 15% last week, any pullback towards 4.25$ is considered a buying opportunity. The stock is now targeting the 6$ level, stops for current entries should be daily close below 50 days MA and ideally at 3.85$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Trade closed: target reached


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