***NOTE: Lower stop ANF 35.79
Raise stop in THC to no loss now that we have 2 ATRs
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
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