timwest
Long

WST - West Pharma holding Key Earnings Level Support - 9% upside

NYSE:WST   WEST PHARMACEUTICAL SVSC INC
337 7 6
a year ago
Target: 59+, +9%
Stop: <53 (approx 52.5), -4%
Reason: Oversold to "Key Earnings Level" that has held declines after the last three earnings reports.
Risk: Less than half of the upside potential.
Reward: Up to the last earnings release level at the 60 level.

With the S&P             futures up strongly this morning and relief from a Chinese market rally despite terrible export numbers, market participants can see that the market is oversold and short covering is the game of the day. With the idea that we want to buy low risk long positions here OR go after heavily shorted names to go long, here's a safer one that is right on support that isn't looking UP big this morning.

Cheers.

Tim

9:18AM Tuesday Sept 8, 2015
a year ago
Trade closed: target reached: For anyone brave enough to have stayed in all along - the ride was worthwhile.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Nice R/R.
Reply
Vostiothenjo
a year ago
Cheerz!
Reply
PhoenixTrade
a year ago
Hi Tim! I like your post btw.... Why are you setting your target to 59? Wouldn't 57.05 be more closely related to the next breakout?
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timwest PRO PhoenixTrade
a year ago
I put the target at $59 because that is the KEY EARNINGS LEVEL and a major resistance level. It is the price that WST reported earnings. If you want charts to be graphed easily the way this one is, check out "KEY HIDDEN LEVELS" in the marketplace add-ons section. It's about $1/trading day.
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timwest PRO
a year ago
Exit here on this strength - given the weakness in the market - it's time to walk away here - near $58 this morning (up 2%+) with the market -1%. 9/24/2015 9:40AM EST
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timwest PRO timwest
a year ago
Ideal exit there! No replies from anyone? ... Down to $53.50 last, $53.10 low today from $57.80 on 9/24/2015 at 9:40AM EST
Reply
timwest PRO timwest
a year ago
I'll put together a buy report down here... but it will take awhile... maybe in the morning.
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