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Explosive Swing Trades
Breakout Swing Trade of the Week--PNRA
Updates to this trade, should it trigger, will be available on our homepage: SwingTrades.com.
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PNRA: Setting up nicely for a continuation of its current downtrend.
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Type
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Stock
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Current
Price
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Trade
Action
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Trigger
Price*
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Initial Target Price **
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Stop Loss Price***
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Avg. Vol.
****
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ST
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PNRA
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55.70
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SHORT
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55.23
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54.13
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56.34
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944
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ST: MAs in downtrend with crossover down ( a ). Stock surged
through a support area with a bearish colored candle ( b ). Stock
traded today at the lower end of the bearish colored candle, representing a
consolidation and possible setup for further downside. Look to go short
at 55.23 as the stock continues with its breakdown past support.
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ST
- Short Term Swing Trade: 1 day to 2 week time frame (2% - 5% target)
LT - Long Term Swing Trade: 1 day to 1 month time frame (5% - 10%
target)
*Your
alert price or entry price. When the stock hits this price, perform the
Action. We suggest entering into the trade within .15 of the trigger price.
Void trade if stock OPENS the trading day .15 beyond the trigger price.
**2%
price for Short Term alerts. 5% price for Long Term alerts. Some
profits at this price area is suggested.
***Exit
trade if stock hits the Stop Loss Price before target. This helps to
control our losses if the stock moves in the wrong direction.
****Three
month average daily volume in 000's
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Recent Alerts:
AZO
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SYNA
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SIRF
INTU
WEBX
INFY
WFMI
ADBE
EXBD
Enjoy swing trading...
Ken Matsumoto,
CEO & Swing Trader,
SwingTrades.com
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P.S.- Oh by the way, now you can follow my team and I as we trade in and out of the market. This is the way to make gains, forget the theory. You'll learn fast what works and what doesn't by looking over our shoulders as we shoot to make 1 to 4% on our accounts every day.
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