Here is a recent example of a trade alerted to our members from Greg Krupinski of GK Trading. Members netted 8.6% gains in just a couple hours on the first half of their shares and are holding the second half for possible further gains.
I’m entering a full position in CLF here at 9.18. Breaking above 9 was big for this name and with a solid earnings release this morning they are trading there now so I’m getting in. I’d say this is buyable in the 9 – 9.30 range. Stop around 8.50.
I’m selling half of the CLF shares I bought this morning at 9.97. 8.6% gain in a couple hours. Obviously lots of demand for these shares so let’s see what this second half can do.
Here are a few recent highlighted trading ideas from my evening “Wrap Up” report that members receive on a nightly basis. Members also received a detailed weekend video from Greg highlighting up to ten new ideas for the upcoming week.
TXRH- Trending shares of Texas Roadhouse have been on our radar screen lately, and after offering traders a long opportunity on 7/2 by printing a bullish hammer at support, is still in consideration for a trade now. The stock popped up again today above the top of a symmetrical triangle offering another long signal. If still not in the trade, perhaps tomorrow may still offer an opportunity if the stock doesn’t follow through too quickly on todays gains.
TTWO- Take Two Interactive is another stock in the group that has been acting well. The stock tried to breakout in February, but was thrown back hard during the spring correction. It has since formed a cup and handle base on this daily chart forming a bullish looking triangle pattern. The stock traded higher by 1.5% today, but was turned back at resistance at the top of the formation. There is plenty of support offered by the current trend line and the horizontal support between $117-$120 that dates back to last fall. Options for a long trade a similar to ATVI above.
KSS- Kohl’s staged a nice breakout at the beginning of June, but has now worked its way back toward two lines of support, those being the 50 day EMA and the prior breakout area near $70.00. We will be watching for an narrow range (NR7) bar, or perhaps a hammer type bar that signals the stock may be ready to move back higher. A second option would be to wait until the stock breaks through the top of the descending triangle that is forming. Yet another option for aggressive traders is to buy now with a stop just under the prior breakout area.
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