MajorHunter
Long

PRO-ASSURANCE with large gap opening

NYSE:PRA   PROASSURANCE CORP
PRA has had a big gap down that opens for a mean reversion towards my standard target for these setups at 5 MA at daily. If you would like a secondary target that normally gets you in security a bit earlier you can scale out with some of your posistion at Connors RSI reading with close above 70 on the daily.

Stop and target is dynamic at 5 MA as use of stop lessens the edge of these setups.

PS:

SAME SETUP SIGNAL IS GIVEN IN FOLLOWING TICKERS AT NYSE FROM YESTERDAYS CLOSE (OR MARKET):

PMT, NRZ, TWO. CHMI, ANH

Look for an textbook setup I had some days ago with Winnebago with nice P/L (see link)
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