Intermeditation
Intermediate-term and position traders can also benefit from the use of the TradersWire.
Often we will profile setups directly for traders of these time
frames, and many times swingtrading setups can develop into good opportunities
for longer-sighted traders.
Â
One such setup is Abgenix
(
ABGX |
Quote |
Chart |
News |
PowerRating), which is trading
in a seven-week cup and handle.
Â
Another is Aviron
(
AVIR |
Quote |
Chart |
News |
PowerRating) which has also been
constructing a low-level cup-and-handle over the past nine weeks.
Â
And Arch Coal
(
ACI |
Quote |
Chart |
News |
PowerRating) is an example of how a
shorter-term swing setup can become a good position play. After the breakout
from an inverted head-and-shoulders we profiled in late March, the stock has
rallied out of three pullbacks and appears to be ready to come out of a fourth.
ACI has gained more than 8 points since the original breakout, and could be
continuing higher.
Therefore, use the TradersWire at
the end of the day, as well as during, if you are an intermediate-term or
position style trader. Diligent observation of the stocks we profile could
uncover hidden gems from which you can benefit.
Until tomorrow,
Duke
P.S. Hey, Coop, you forgot to tell me where you are staying so I
could give you my wine order. Could you pick me up a case of the Stag’s Leap
Cabernet?