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The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
Monday, January 22, 2007
Today's Trade: FTEK
I bought 500 shares of FTEK at $25.16. I did not get too complicated in my analysis on this one. The stock has been in a nice uptrend and closed strong on Friday after testing the 50 day MA. I love when stocks make a long tail and close strong off of a major moving average in the midst of a solid trend. I placed a stop under the 50 day MA ($24.50), with my initial target at recent highs ($28). That makes for almost a 4:1 reward vs risk.
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1 comment:
Hey...
I own shares in FTEK...I had two buys...Both in Oct. on the breakouts.
This is a CANSLIM play.
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