Wednesday, April 27, 2011

New Trade - CAG


Deuteronomy 28:12 "The LORD will open the heavens, the storehouse of his bounty, to send rain on your land in the season and to bless all the work of your hands."

The final edge of today:

Check out the chart for CAG:
This is a simple pullback trade. A close above the high of the low day. You can see there was a substantial break of prior resistance, which is now support and my target is close above - new resistance.

My stop is placed just below the most recent low. This should be a quick trade as well.

I bought a couple of the June 24 Calls for $0.60 each.

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