GE Very nice Risk/Reward, unfortunately into earnings Short

GE AerospaceNYSE

Description

⋅ Oct 13, 2015 9:08 PM

Very nice short setup for GE with one of the best Risk/Reward in a while.

I'm not playing this one as i try to avoid setups that contain an earnings report in them, but if i would play it i'de see if tomorrow Wednesday October the 13th, 2015 confirms with another lower, weak daily candle.

Stop loss: ~ 28.40
Open: ~ 27.40-27.90, if confirmed
Target 1: ~ 26.49
Target 2: ~ 25.42

Trade active

⋅ Oct 14, 2015 8:57 PM

Trade closed: stop reached

⋅ Oct 17, 2015 10:37 AM

It's always good to have your rules confirmed. Playing stocks during earnings season is like trying to cross a minefield!

Comments

bearnbull

⋅ Oct 14, 2015 12:52 AM

Nice catch. SPY has a similar star today