Chart of the week
Date: 06/08/2009
Symbol: KND
Company Profile: Kindred Healthcare, Inc. operates as a healthcare services company in the United States. It operates in three divisions: Hospital, Health Services, and Rehabilitation.
Sector: Healthcare
Industry: Long-Term Care Facilities
TRADING PLAN
Entry price: under: 12.00
Stop price: above: 12.50
Target area: 10 area
Chart explanation:
On the daily chart we can see that KND is obviously weaker then market action. Same is with weekly and monthly charts. KND forming small 5 min base at lows in bigger daily base and I will use that consolidation at lows for trading plan. Setup is under $12 because it is number and low support area. For stop I will use base high, but if we won’t see setup at Monday I will continue watch KND until it will stay under 10/20sma on the daily chart. If those resistance area won’t pull KND down then I will close trade.
If anyone have any question or need update feel contact me over email or in the live trading room.
Symbol: KND
Company Profile: Kindred Healthcare, Inc. operates as a healthcare services company in the United States. It operates in three divisions: Hospital, Health Services, and Rehabilitation.
Sector: Healthcare
Industry: Long-Term Care Facilities
TRADING PLAN
Entry price: under: 12.00
Stop price: above: 12.50
Target area: 10 area
Chart explanation:
On the daily chart we can see that KND is obviously weaker then market action. Same is with weekly and monthly charts. KND forming small 5 min base at lows in bigger daily base and I will use that consolidation at lows for trading plan. Setup is under $12 because it is number and low support area. For stop I will use base high, but if we won’t see setup at Monday I will continue watch KND until it will stay under 10/20sma on the daily chart. If those resistance area won’t pull KND down then I will close trade.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all great trading!!!
Ivica Juracic
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