When The Rubber Band Stretches…
Users of Kevin Haggerty’s volatility bands are well aware of how often they
will help spot a reversal in the beginning stages when combined with a pattern
setup.
09:53:19
Intraday Setup Alert
PEC Solutions (PECS)
is attempting to stage an opening reversal. PECS is currently down 2.98 to
34.07.
PEC Solutions
(
PECS |
Quote |
Chart |
News |
PowerRating) had an earlier Trap Door, but I did not see
it in time to put it on the TradersWire.
However, after doing a quick calculation of the volatility bands, found
that the stock had penetrated the 2.0 volatility band at 34.10 and had reversed
immediately on the next bar. When it neared the trigger above the open I had
just enough time to put the alert up.
PECS runs up for a little more than 1 1/2 points over the next
25 minutes. A quick hitting play for the nimble to profit on while many were
caught flat-footed.
Have a great weekend,