WCC*, Westco International*
Posted: Thu Oct 18, 2012 9:08 am
For Today's Exactrade of the Day we are looking at WCC*, Westco
International*:
*WCC *is gapping up into possible resistance on the daily chart. Look
to take *WCC* short on a new low below the open with strong volume.
Wait at least 2 minutes after the maket open and look to take it short
once it makes a new low of the day. If *WCC *moves up at the open
simply set an alert at the low of day and take it short if it breaks
that low of day. First target is .63 from your entry, second target is
1.26 from your entry. Manage the last piece with a trailing stop.
Remember to always use a stop.
International*:
*WCC *is gapping up into possible resistance on the daily chart. Look
to take *WCC* short on a new low below the open with strong volume.
Wait at least 2 minutes after the maket open and look to take it short
once it makes a new low of the day. If *WCC *moves up at the open
simply set an alert at the low of day and take it short if it breaks
that low of day. First target is .63 from your entry, second target is
1.26 from your entry. Manage the last piece with a trailing stop.
Remember to always use a stop.