Chart of the Day: Zillow

A great swing trading strategy is finding broken down stocks that are ready to reclaim a previous uptrend.

Z was a momentum favorite that broke down a few months ago.  When a momo stock breaks down, I keep it in a special focus list in case the stock remounts a trend line and continues the uptrend.  Z is in that breakout-remount zone now and is consolidating above the moving averages.

An entry here (I and many Trade Report members have a position) with a stop under the 50dma and target around $130 offers great reward to risk.  These are the types of low risk/high reward setups swing traders look for.

If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up for a 7 day free trial at BullsonWallStreet.com.  


If you like this article, follow me on twitter

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: