Chart of the day: VA

One of my favorite swing trade setups is the breakout-pullback setup.  Recent IPO Virgin America broke out over it’s 5 week range and has now pulled back to the old high.  This high converges with the new 20 day moving average, offering two levels of support.  Entry in the $38-40 range, with a stop under that range offers a low risk, high reward setup.

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 14 day free trial at BullsonWallStreet.com.  

If you like this article, follow me on twitter

One thought on “Chart of the day: VA

Add yours

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: