PNFP is approaching a 9% gain.
I still expect a first target of $12 and additional losses after a bounce in the area, but I prefer keeping a trailing stop on the trade, right now I'd use a 50-bar avg. on a 60 min chart.
Thursday, August 4, 2011
PNFP Trade management
PNFP triggered July 21 @ $16.01
PNFP is approaching a 9% gain.
Original Entry
I still expect a first target of $12 and additional losses after a bounce in the area, but I prefer keeping a trailing stop on the trade, right now I'd use a 50-bar avg. on a 60 min chart.
PNFP is approaching a 9% gain.
I still expect a first target of $12 and additional losses after a bounce in the area, but I prefer keeping a trailing stop on the trade, right now I'd use a 50-bar avg. on a 60 min chart.
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