xtrading_ideas

***It's about to BREAKOUT***

Long
NYSE:EAF   GRAFTECH INTERNATIONAL LTD
EAF has been on a solid run since the end of December. In the last week or so it consolidated and now it's testing the resistance area it found on Jan 11th. It's also above 1, 2 and 3 days VWAPs. If it pulls back a little, like I indicated on the chart and then breaks through the resistance line, I would buy as a swing trade at 13.87, with a stop below 13.00; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then I wouldn't chase it. in terms of a price target, I believe it could reach $15-$16 range(this should be evaluated on daily basis).

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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.

NYSE:EAF
Comment: Failed

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