Thursday, July 19, 2007

Trades: FTO, VLO and CMG

Three trades based on confirmation moves after pullbacks to support. All three positons came from my "primary 100 watchlist". CMG was on the top 25 low floats posted yesterday.

I bought 500 shares of FTO at $46.05. Nice high volume confirmation move at support.

I bought 300 shares of CMG at $87.10. Another confirmation move after a pullback to support.

I bought 400 shares of VLO at $75.09. Not as strong of a confirmation as the other two. However, VLO tends to rebound at the 50 day moving average, so I decided to take a small position.

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