This Is Why You Should Pay Attention To Coinciding Indicators
Gateway (GTW) was
positively mentioned in Barron’s and given a $7 price target. This
story reminded me of my friends in Tokyo. They loved Gateway. One friend even
told me that Gateway stores probably had the best after-sales service in Tokyo.
“They provided so much free services. That’s why they had to withdraw from
Japan.”
10:43:29
(From TradersWire)
Sepracor (SEPR)
is struggling to take out its 20-day EMA. Short SEPR if it moves below 45.40.
Target is near 44. Place a stop just above the 20-day EMA (46.12). SEPR is
trading at 45.88, down 0.03.
The 20-day EMA is not the only reason why I have decided to short SEPR. As you
can see below, the 38.2% Fib level is also coinciding with this level. Notice,
the stock has been trading inside of a declining channel.
Shortly before 12:30, we took a partial profit and adjusted our protective stop.
12:26:31
Follow up on the 10:43 story (SEPR)
Take a partial profit and move your stop to breakeven. SEPR is trading at 44.76,
down 1.15.
Have a nice afternoon session!
If you have questions, feel free to mail them to me.
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