Friday, October 3, 2014

Opened XIV

So that market has sold off and is due for a bounce. Premarket I entered XIV @38.82.  XIV has bounced at its 200 MA very constantly and has made V shape recoveries. This is a M/R trade that  I want to give it a shot at its 50MA perhaps it can make the type of trending action that it did in April.
Stop: close below 200 MA.

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