First Move
Breakouts from the first consolidation of the day often make good candidates
for daytrading, particularly when the overall sector is strong.
10:26:35
Intraday Setup Alert
Exxon Mobile (XOM)
is consolidating at its intraday highs, and is challenging to breakout of
yesterday’s range. The stock is up 0.20 at 31.12
At the time of the breakout, the oil service sector
(
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is also moving higher. Timing the stock with the sector is a good way to get
into trades, and the first breakout gives you ample room to take advantage of a
move to the higher end of a stock’s range.
Until tomorrow,