AcornWealthCorp

PAG- Long from support or at the break of resistance.

Long
NYSE:PAG   Penske Automotive Group, Inc
PAG - seems getting ready for a second phase of upward run. Moneyflow is getting stronger. We would like to take a position it it breaks all time high or pull back to support.

Trade Details :-
Entry Target Criteria- break of $54.41, or pull back to 50.60 - 51.30,
Exit Target Criteria- Momentum
Stop Loss Criteria- TDA

You can check our detailed analysis on PAG in the trading room/ Executive summary link here-
http://www.screencast.com/t/3e0ZTENUQwBd...
Time Span- 0:31:00"
Trade Status: Pending
Comment: January 25th- Good upward move with higher volume. And traded into positive zone. Looking very good.
January 24th- Jumped up from MA50 and showing upward momentum. We like this as long.
January 18th- Went up & closed above EMA lines, still we like as long.
January 10th- Showing some strength now, Traded upward & closed above EMA lines. Consider holding for few more days.
January 5th- Pulled back to down side again, not looking good
January 4th- Strong reversal & closed above EMA lines. Looking good as long.
December 29th- seems to have found some support but a break below 51.00 and we would consider killing this trade. Updating our stop loss criteria to reflect.
December 28th- Not really looking very good recently. Need to watch carefully.
December 27th- Traded upward above EMA lines & MA20, but could not hold to it.
December 22nd- went down crossing below MA20, not looking good as Long.
December 20th- went up 1.85% with good volume, seems it resumed its upward run.
December 13th- Could not show the strength we expected, however still looks a valid long. Updating stoploss to $50.93
December 8th - Another upward move today. Updating stoploss to $49.93
December 7th- Broken all time high & hit breakout entry. Looking very good

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