But it actually looks like a buy here. The MACD is crossing up.
Risk only 1 point to make it up to $74-76 from $72.16 last.
I've put out several successful shorts on this "over-loved", "over-valued" stock but now that it refuses to go down with the market, it looks like it is due for at least a rebound rally ahead of the holiday selling season.
It is above the lowest two-days highs and might be a low-risk buy here.
Tim 10/2/2014 10:45AM EST
Comments
elcololp
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your timing is awesome!
timwest
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Thanks elcololp - I wish it always worked that way.
H_Chinasky
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Good call man...
timwest
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Resistance from several areas.
timwest
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EXIT --- 76 last+
4 pts - zero loss along the way.
DavidRussell
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It's bouncing at the 500day MA as well
A-shot
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Trading - there's a time to sell until there is a time to buy. :)
justindanethan
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Where would you putting your stop on a buy of this particular instrument?