This Is Why You Should Watch The Recent Lows

Yahoo! Inc (YHOO) is
reporting its earnings after the close
. The Reuters consensus
is 11 cents a share. Currently the issue is trying to rally out of a pullback
after testing the lower boundary of a gap zone on the 15-minute chart.

10:21:01 (From TradersWire)




Action

Symbol

Order Type

Setup

Stop

Target

Current Price

Posted By

Buy

PNC

Buy at MKT



1,2,3 Bottom

54.14

54.50

54.29

TK

PNC Financial Services Group
(PNC) gapped down at the open, but it managed to hold above Friday’s low. It was
a potential 1-2-3 bottom situation. As you can see below, the 7-period RSI was
starting to improve, too. We decided to buy the stock if it could move above the
10:00-10:15 bar high.  

10:31:49

Follow up on PNC (10:21)

Sell half to capture a 21-cent gain. Move stop to breakeven.

12:27:25

Follow up on PNC (Pt.5)




Move stop to 54.89.

T.kamada

Feel free to mail me your questions.