This Is Why You Should Pay Attention To Narrow-Range Action
If you follow Kevin
Haggerty’s strategies, you must be familiar with his famous
Slim Jim.
So often a stock forms a narrow trading range at the day’s high before a
breakout.
10:44:37 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
FFIV | buy stop at 53.01 | Slim Jim | 52.80 | 53.24 | 52.99 |
TK |
After hitting 53.24, F5 Networks (FFIV)
began to consolidate near its intraday high. This consolidation was also above
last Friday’s high, and I thought the stock had a chance to re-challenge the
intraday high. I placed a buy stop at 53.01.
11:33:21
Follow up on FFIV
T.Kamada
Feel free to mail me your
questions.
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