Chart of the Day: SIG

One of my favorite swing trade setups is the breakout-pullback setup.  While the market has pulled back, retail jeweler $SIG has held up well, pulling back to the key 50 dma level.  An entry here with a stop under the 50 dma and target near recent highs around $133 offers a nice 3:1 reward to risk ratio.  This is the type of risk ratio that successful swing traders salivate over.

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