Never Too Late…
Surge alerts and plunge alerts are a good heads up as to which stocks are
making large intraday moves over a short period of time. When you see these, you
can keep an eye on them to see if they are going to set up for an intraday entry
point.
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10:31:53
Plunge Alert
FreeMarkets (FMKT)
had been breaking out of an ascending triangle, but now today it has
reversed and is plunging on the 10 min intraday chart. FMKT is trading at 24.42
down 2.93.
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After the stock forms a
Slim Jim on the intraday chart, it falls for a 1 1/2 point loss, allowing
traders to get positioned to the short side.
Don’t dismiss a stock just because it has made a move that you
may have missed. Often stocks will give you more than one entry on an intraday
basis.
Until tomorrow,
Duke