Rick’s Featured Trade Ideas
ADPT/Short(Healthcare) ADPT – Continues to show weakness, now setting up for a bearish “h” pattern for a possible test of the recent low and a push lower. A failed attempt of the 34 EMA resulted in a shooting star-type candle with a long upper wick. The recent close below the T-Line™ is a clue for the short-term swing trader to climb aboard.
ADPT/ Profits through education Dec 10
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $58.90
Risk Reward 7:1 depending on entry/exit/stop
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Rick’s Featured Trade Ideas
GPN/Short (Business services) After the Doji Bearish engulf on volume, price has slid below the T-Line™ and the 20-day simple moving average on the daily chart currently forming a bear flag.
GPN/ Profits through education Dec 9
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $
Risk Reward 6:1 depending on entry/exit/stop
Buying 100 shares of VTL would have netted you $583.00
Member’s trade idea October 8, (VTL) Long working 126%
Member’s trade idea November 11, (CENTA) Long working 16%
Member’s trade idea October 2o, (FCS) long working 23%
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December 8, 2015 – I apologize there will not be a featured trade idea or morning comments, I will see you in the trading room at 9:10 AM