A Reason To Leap In
It might be the ‘frog days of summer’,
but if you’re going to work during this notoriously slow period, you might as
well ‘leap’ right into it. Even during the dog days of summer, if you have
the patience to watch patiently, you just might find a trade with edge
that looks ready to leap into action.
12:06:32
Intraday
Setup Alert
Leapfrog (LF)
is trading above prior 52-week highs in an intraday triangle
pattern. With the stock up 1.90 at 36.25, longs above pattern resistance
might be considered at 36.30.
‘Ribbit’…this one was definitely no toad. The
trigger out of a classic pattern also had plenty of supporting evidence to make
that ‘leap of faith’ in yet another trade with edge.