Sunday, August 29, 2010

Interesting set up in AMRC...

At a potential inflection point in the markets, AMRC appears poised to bounce a few dollars in exchange for about $0.50 risk. Nice set up in a new hot IPO. I would definitely rank this as an A trade and put on max. risk for a swing trade exiting 75% at 3x risk and holding the remainder until it violates either the initial stop or a take profit stop (as outlined in previous post).

Good luck and good trading!

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