2 Stocks in a Narrow Range to Watch
- Posted by downtowntrader
- on March 8th, 2012
While I think the market may be vulnerable to more consolidation there are plenty of stocks with healthy charts. There have been plenty of breakouts the past two days and if you missed them it you may be tempted to chase them higher. However, there are still stocks at decent buying position. Long time readers know my affinity for following stocks trading in a narrow range. A stock trading in a narrow range offers traders the opportunity to precisely define their risk and maximize their risk to reward ratio.
I added the following two stocks to my watchlist and will be tracking them over the next few days for a possible entry.
$SLXP, Salix Pharmaceuticals, Ltd.(NASDAQ:SLXP)
$VFC, V.F. Corporation(NYSE:VFC)
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Joey Fundora is a private trader who has been trading for over 8 years. Joey specializes in discretionary swing trading of stocks almost exclusively through the use of technical analysis. (More)