Position Updates & Gauges for Trading on 5/22/2014

Mish Schneider | May 21, 2014

***NOTE: Lower stop ANF 35.79

Raise stop in THC to no loss now that we have 2 ATRs

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Existing Position: Long ANF: 38.20 ATR 1.35

Name of Instrument: Abercrombie & Fitch Co.

Sell Stop: 35.79

Current Price: 36.83

Reason For Trade: Converging moving averages on daily chart with perfect risk under 200 DMA. Long term charts 2 year double bottom in place. Good upside potential

First Target: 40.94 for 1/3

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Existing Position: THC: Long 45.35 ATR 1.38

Name of Instrument: Tenet Healthcare

***Breakeven Stop: 45.35

Current Price: 47.01

Reason For Trade: 2014 pick. Held the 65 weekly and 23 monthly moving average. Corrected to the 200 DMA and held-long term potential over 50.00 great.

First Target: 48.89 for 1/2

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