Position Updates & Gauges for Trading on 9/10/2014

Mish Schneider | September 10, 2014

New Position: SFM: Long 31.55 ATR .67

Name of Instrument: Sprouts

Current Price: 30.69

Sell Stop: 29.99

Reason For Trade: Clearing the 50 DMA. Good daily basing action. If can clear over 33.20 see big potential to 40.00

First target for ½ 33.64 MIT

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Existing Position: Long JBLU 11.07 ATR .39

Name of Instrument: Jet Blue Airways

Sell Stop: Trailing Stop 11.97

Current Price: 12.04

Reason for Trade: After testing the 50 DMA twice, it gapped up over the 10 DMA and gave a good tight risk to below the 50 DMA. Has cleared the 6 month calendar range as well. If can hold and clear recent highs 11.59 see 12.00 or higher

First Target: Reached Sold ½ position

Second Target: 12.98 (Sell 1/2 of remaining position)

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