Position Updates & Gauges for Trading on 10/8/2014

Mish Schneider | October 7, 2014

***NOTE: PRGO-out at 150.54 or a little bit better than scratch on the trade

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New Position: MU: Long 32.68 ATR 1.35

Name of Instrument: Micron Technology

Sell Stop is 31.24

Current Price: 31.87

Reason For Trade: Relative Strength above and close to the 50 DMA with a clean stop if breaks it. On the other hand, if market holds and turns, this has been outperforming the S&P 500 this year and could easily go back to recent highs and beyond

First Target: 34.68 for ½ or 1.5 ATRs from entry

View Gauges
View Gauge

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Out: Existing Position: Long PRGO 2/3 Sold at 150.54