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Trade Ideas for Today

Posted on February 27, 2009 by Adam

Happy Friday everyone!

It’s been a tough two weeks for me. This is an unforgiving market for swing trading, but I’m optimistic about where we go from here.

I’ve got some pretty good looking setups that you could try getting into here. Enjoy!

Bullish:

TRA: A nice, longstanding, upward trend. This stock has held up really well so far this year. After rallying off of trendline support, it looks like it has begun to break out above overhead resistance. I’d wait until the day’s end to see if the breakout holds then get long some calls.

ADVS: A nice clean breakout from a bull flag. If the breakout holds, I see no problem with this stock getting to 35 in short order.

Bearish:

COLM: A nice breakdown below its 52-week low. Wait for a rally up to old support as new resistance before initiating a short position.

WWW: Same plan here. If it rallies up to resistance at 16 I have not problem getting short.

Happy Trading