A Practical Guide to Swing Trading by Larry Swing
Trade:
PTEN
Date: 03/26/2002
Reasons for trade/setup: CLOSE > SMAC50 and CLOSE > SMAC20 (to be sure the stock is still in an uptrend) and HIGH
< HIGH1 and HIGH1 < HIGH2 AND (the stock must be experiencing a 3 day decline/pullback within the context of a
uptrend) and FORCE3<=0 AND FORCE13>=0 (the short term battle is now won by the bears, but still the bulls are in
control of the longer-term battle)
Swing Entry price: $26.84 (High of yesterday $26.78 + $0.06)
Stop Loss price: $25.94 (order $0.06 below the low of the previous day $26.00 - $0.06)
Target: $28.72 (entry price +7%)
Exit: $28.72 (03/28/2002) & $29.99 (04/03/2002)
at open
Reason for exit: $28.72 at a
7% gain on the
long swing trade & $29.99 trailing stop low of yesterday $30.31 - $0.06
Profit/loss: $2.515 = ($1.88 + $3.15)/2 or gain of 9.37%
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or email: larry@mrswing.com