Monday, August 18, 2008

Trade Entry: VISN

I bought 400 shares of VISN at $18.38.

This stock was highlighted in today's trade report, with a buypoint in the $18-19 range.

The Setup: Breakout pullback . Volume pattern is solid. Stock is pulling back from recent highs and seems to be showing strength at moving average support. The pullback has been somewhat volatile. However, strong volume pattern still makes this setup attractive.

Risk: Stop can be places under the 50 day ma or the bottom of Friday's support confirmation bar. Target is the recent high, in the $24-26 range.

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