Position Updates & Gauges for Trading on 7/22/2014

Mish Schneider | July 21, 2014

New Position: URA: Long Filled 15.05 ATR: .27 Filled 15.05

Name of Instrument: Global X Uranium ETF

Sell Stop: 14.29

Current Price: 15.37

Reason For Trade: Breaking out of a channel after forming a bottom with long term potential to 16 and higher

First Target: 16.04 for 1/2

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Existing Position: Long CSC at 62.98 ATR .86
***NOTE-Must exit on or before August 7th before earnings-no date confirmed

Name of Instrument: Computer Sciences

Current Price: 63.54

**Stop Loss: 62.19

Reason For Trade: Second try against the 50 DMA with less than 1.5 ATR of risk and weekly chart support-Reports August 7th so will exit before.

First Target: 64.67 for 1/2

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