Weekend Homework
It is always a good idea to take a peek at the papers and see what is being
written about stocks in the news over the weekend. This can sometimes help you
get a jump on opportunities when they present themselves later in the week. But
you can rest assured knowing that we do, even if you don’t.
10:36:51
Intraday Setup Alert
Actrade Financial (ACRT)
is breaking down from an intraday double bottom. The stock is being hit
following this weekend’s Barron’s article that revealed the company is
being charged by two former insurers that claim ACRT misled them. ACRT is down
7.27 to 17.62.
The stock had gapped down 5 points from its close on Friday, then tried to
rally. When it failed out of the double bottom for almost a 4-point loss,
profitable trades were made on the short side.
Even if you don’t keep up with events over the weekend, our team of
analysts on the TradersWire does. While
news alone is often not enough to make a trade, when the technicals back it up,
it is time to pounce.
Until tomorrow,