For those of you that love that Cat and Dogs and what's not to love about a 100% 1 day move in a stock like WEST on June 1st and several others since, then you might want to keep an eye on UCBI-a financial.
This is a true C&D trade so it's speculative. That means risk management is a priority.
Thus far it just took out the downtrend line on a slight rise in volume, but as I mentioned yesterday, it's the little things that you need to really pay attention to.
Here's the daily downtrend line taken out, there's one more hurdle at the $2.18 level which it is headed for pretty quickly right now.
A potential stop could be placed below the downtrend line.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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