Steppin’ Up
When you combine positive news with bullish technicals, the opportunity to
cash in is there. What you have to do as a trader is have the confidence to step
up and make the trade. This afternoon’s alert on Polymedica
(
PLMD |
Quote |
Chart |
News |
PowerRating) was a good
example.
12:35:01
News and Intraday Setup Alert
Polymedica (PLMD)
is breaking out on an expansion of range after an SEC inquiry has ended with no
enforcement action taken against the company. It is also pulling back from
its intraday high following a gap to the upside. PLMD is currently trading up
7.90 to 33.32 and has a
3-month relative strength rank of 95 from TradingMarkets.com.
Note the second part of the alert —
it is also pulling back from its intraday high following a gap to the upside. This
is where the nimble trader can take advantage as the momentum reasserts itself.
The stock is up more than 4 points and still looks like it has
some steam left in it. Let us help you uncover opportunities such as this one,
and soon you will be spotting them more regularly.
Until tomorrow,
Duke