Date: 10/26/2009
Symbol: MCRS
Company Profile: MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company’s enterprise solutions comprise hotel information systems, restaurant information systems, and specialty retail information systems.
Sector: Technology
Industry: Technical & System Software
TRADING PLAN
Entry price: under: 27.38
Stop price: under: 28.13 (27.60)
Target: 26-25 areas
Chart explanation: On daily MCRS chart I like consolidation and coming to 10sma resistance area what is trend confirmation area. I will look for selling continuation and another selling wave under $27.38. For MCRX we can use two stops. One is based on daily chart and it is above Friday high and another is based on 15 min consolidation. It means that we can use MCRS for intraday move too, but also we can try to increase r/r and depends on open action I will look for that. Trading room and whole service is open and free for all and I invite you all to join us and spend this week with us. It is free for this week.
If anyone have any question or need update feel contact me over email or in the live trading room.
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