mbrenke
Long

Watching Avis Budget Group for a long setup at a Pivot Level.

NASDAQ:CAR   AVIS BUDGET GROUP
74 3 1
(CAR) was on my IBD list of strong fundamental stocks . It's in a strong uptrend and currently pulling back to the $61.95 Pivot level. Once there I'm watching for clear price action showing that the level is being rejected and momentum is building to the upside.

* On September 16th CAR gave an entry trigger with the strong up day closing in the upper range after a gap below support.
* 9-22-2014 Stopped out at $61.75 today for a small loss.
MarcPMarkets
2 years ago
Hi Mike, nice analysis. Good stock selection, and sound reasoning behind a long. Is this a swing trade? I am guessing it is because of the time frame of your analysis. Have you taken the trade? This was tricky because of the price gap.
Reply
mbrenke MarcPMarkets
2 years ago
Hi Marc, yes it is a swing trade. I entered at the break of Tuesday's high. I like to enter at a 10 cent break of the triggering days high. I normally stay away from gaps but price showed a lot of strength by closing the way it did on heavier volume, so for me that served as a trigger.
Reply
mbrenke
2 years ago
* 9-22-2014 Stopped out at $61.75 today for a small loss.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out