September 20th 2007
Trading Ideas from Newton
An object in motion tends to stay in motion. Newton’s first law has application in the stock market. AGU is a great example. In late August the stock broke out and has been in motion since. At the end of last week, the move begin to slow, we just needed a chance to jump on the stock.
I like AGU over 51.50. I’ve seen this pattern many times over the years, but I don’t have a name for it. If you know what it’s called please let me know. In any event, it looks like the stock is going to push higher after a short consolidation. I’m hoping the general market helps, but consider this, When the general market was languishing at the end of August, AGU was moving higher. That is power.
If you like this post, then consider subscribing to my full feed RSS feed. You can also Subscribe to A Trade A Day by Email and have new posts sent directly to your inbox.
2 Comments »
KGV Trading Idea | A Trade A Day on 02 Oct 2007 at 4:11 am #
[...] is going to give us an opportunity to jump on the uptrend and ride it past an all time high. The AGU trade had a similar [...]
Trading Ideas Update | A Trade A Day on 18 Nov 2007 at 2:10 am #
[...] the AGU trade continues to break down, I’m out at break even. I actually like the stock as a short under [...]