Stock Chart of the Day: TK

One of my favorite swing trade setups is the breakout-pullback setup.  This trade is also great for part-time traders since you don’t have to monitor it tick by tick and have easy stop and target placement.

Today, TK broke out strong out of a 3 month trading range on very high volume.  For the next few days I will monitor the post breakout range that develops and look for a good pullback entry.

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