Position Updates & Gauges for Trading on 9/22/2014

Mish Schneider | September 22, 2014

Existing Position: SFM: Long 31.55 ATR .67

Name of Instrument: Sprouts

Current Price: 31.46

****Lowered Sell Stop: 29.74

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

+++++++++++++++++++++++++++++++++++

Existing Position: GE: Long 26.05 ATR .24

Name of Instrument: General Electric

Current Price: 26.29

Lowered***Sell Stop: 25.94

Reason for trade: Been basing out over the 80 monthly moving average-good 2 ATR risk to anticipate clearance of the 200 DMA

***Reached! First Target: Took 1/3 off 26.39

Second Profit Target: 26.74 for 1/3

View Gauges
View Gauge