CoryMitchell-CMT
Long

WPRT.TO Swing Trade on Short-Term Momentum

TSX:WPRT   WESTPORT FUEL SYSTEMS INC
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2
There has been a short-term momentum shift in this stock. Following a swift pullback in the long-term utprend, the price recently rallied aggressively, erasing the last leg of the pullback. This could indicate the next up phase is starting.

Target is fairly aggressive for a short-term trade. If there is a strong reversal near the target, just get out. Trailing stop loss can be used as well. It has tended to give back a fair bit on the reversals due to the swift down moves.

Reward:risk is great, although I willing to get out early on this one, so actual reward:risk may end up being slightly lower.

disclosure: long.

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