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J-Hook” Breakout in SWHC”

Home › Forums › Swing Trades › J-Hook” Breakout in SWHC”

  • This topic has 0 replies, 1 voice, and was last updated 9 years, 7 months ago by Steven Place.
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  • October 17, 2013 at 12:50 pm #2557
    Steven Place
    Keymaster

    swhc

    After a corrective pullback into 10.25, the stock reversed hard on earnings. It’s now putting in a 3-day consolidation… this pattern is a variation of a “j-hook” pattern.

    On a move above 11.25, I like buying the Nov 12 Call for 0.40. Long stock works just fine as well. Stop under 10.90.

     

     

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