‘Shorts On’ Away From The Beach
I don’t look for ‘shorts’ nearly as often as
I
do continuation longs, or for that matter, upside reversal plays. This is
particularly true in a trading environment that has a bullish bias to it. When I
do ‘put them out there’, the ones that work have many of the same
characteristics of stocks that show a tradable edge from the long side.
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10:32:31
Intraday
Setup Alert
From the Nightly Daytraders
Report, CheckFree (CKFR)
is testing its 200-Day EMA from below. On an extended intraday basis, the
stock has formed an ascending triangle,
from which we are monitoring potential breakdowns below pattern supports. With
CKFR trading up .06 at 22.77, short triggers might be considered below 22.70.
Check please. Have a great holiday folks.