Position Trade
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Date: 06/29/2009
Symbol: RGR
Company Profile: Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States.
Sector: Consumer Goods
Industry: Sporting Goods
Trading Strategy:
RGR form consolidation on the weekly chart, after bounce from monthly lows. Consolidation coming to 20sma support area and I will look for bounce from it. Weekly 20sma will be stop area for start and depends on pace and volume I will look for target. On the monthly chart we can see that previous high (20-25 area) is reasonable target for start, but we will see after setup. I will give all updates in the room and if anyone will have any questions feel free to contact me in the room or over email.
On the site (www.ivicatradingcharts.com ) you can see free trial link and join us.
If you will have any problem please feel free to contact me.
Date: 06/29/2009
Symbol: RGR
Company Profile: Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States.
Sector: Consumer Goods
Industry: Sporting Goods
Trading Strategy:
RGR form consolidation on the weekly chart, after bounce from monthly lows. Consolidation coming to 20sma support area and I will look for bounce from it. Weekly 20sma will be stop area for start and depends on pace and volume I will look for target. On the monthly chart we can see that previous high (20-25 area) is reasonable target for start, but we will see after setup. I will give all updates in the room and if anyone will have any questions feel free to contact me in the room or over email.
Position Trade
Date: 06/29/2009
Symbol: SGP
Company Profile: Schering-Plough Corporation discovers, develops, manufactures, and sells pharmaceuticals worldwide.
Sector: Healthcare
Industry: Drug Manufacturers - Major
Trading Strategy:
SGP have close situation as RGR. We can see weekly consolidation (triangle) and monthly continuation. I will look for weekly bounce from 20sma support area and breakup above monthly 200sma (red line). Depends on pace and volume I will look for 30-35 area what will be previous monthly high.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Wish you good trading!!!!
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