PIKE is gapping up into possible resistance on the daily chart. Look to take PIKE short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If PIKE moves up at the open simply set an alert at the low of day and take it short if it breaks that low of day. First target is .11 from your entry, second target is .22 from your entry. Manage the last piece with a trailing stop. Remember to always use a stop. Statistics: Posted by Exactrades — Wed Feb 06, 2013 10:20 am
Originally posted here:
Stock Watch • PIKE, Pike Electric Corp
Leave a Reply
You must be logged in to post a comment.