February 19th 2007
Swing Trade - Long CTSH Entry: 94.90 Stop: 91.00 Target: Open
I have three trades for tonight that I will be watching closely tomorrow. The first trade is CTSH.
CTSH is forming an ascending triangle after a powerful gap. I like this trade because the setup is familiar and the stock has shown strength all year. One possible downfall is that the stock has over 140 million shares in its float. I typically prefer more thinly traded stocks because they move much more quickly when the breakout starts.
CTSH is forming an ascending triangle after a powerful gap. I like this trade because the setup is familiar and the stock has shown strength all year. One possible downfall is that the stock has over 140 million shares in its float. I typically prefer more thinly traded stocks because they move much more quickly when the breakout starts.
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