Saturday, October 2, 2010

Speculative IPO trade...

KH has been consolidating nicely over the past few days after breaking out of a short base. The last up swing was roughly $3.00 (from $12.00 to near $15.00). So I anticipate that if KH breaks out it should get to some where in the region of $18.00 which is greater than the suggested target (target that offers reward three times greater than risk). With the overall markets still in an uptrend although likely near the end in my estimation this is a high probability swing long.

Good luck with you trading!

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