Shares of auto parts maker Lear Corporation (NYSE:LEA) have basically been in a free fall. The equity made a high of $103.74 on September 8 and has since plummeted by nearly 20%. This stock is now starting to come into some good support levels as the daily 200ma is being tagged. Although the 200ma should help ease the fall of Lear Corporation (NYSE:LEA), I will look slightly lower before jumping in on the long side. The level that looks very attractive to me to profit from is right around the $84. That is where the stock built a good base of consolidation before breaking out to the upside. As the market volatility has picked up I will get my shopping list ready to buy various stocks and alert members to when I initiate the trades. Have the Lear Corporation (NYSE:LEA) chart front and center and look for that solid level to profit.
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Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader