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Explosive Swing Trades
Breakout Swing Trade of the Week--MHCP
Updates to this trade, should it trigger, will be available on our homepage: SwingTrades.com.
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Nightly Newsletter Service .
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MHCP: Setting up nicely for a continuation of its current uptrend.
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|
Type
|
Stock
|
Current
Price
|
Trade
Action
|
Trigger
Price*
|
Initial Target Price **
|
Stop Loss Price***
|
Avg. Vol.
****
|
|
ST
|
MCHP
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35.79
|
LONG
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36.21
|
36.93
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35.35
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1,950
|
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ST: Stock surged past the resistance
area with a bullish green candle. Stock traded past few days at the upper
end of the bullish green breakout candle, representing a consolidation and
possible setup for further upside. Look to go long at 36.21 as the stock
continues with its current breakout.
|
|
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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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.
» Go here to learn more...
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