TE Shakedown 9/24/17

Trading Experts

TE Shakedown 9/24/17

With choppy behavior at highs, we're moving towards a very stock selective atmosphere. Sector movement was generally scattered this week showing the ever important factor of relative strength. The good news is we have earnings to look forward to in a couple weeks. I'll be pretty selective until then.

Onto some charts! 

Trade of the Week: DXC Long

Having IPO'd in April, DXC is still quite the young stock. Throughout its short history, its created a pattern of a bull flag fsoon followed by a big move higher. We're looking for that pattern to continue here. It has created a very well defined bull flag over the past few weeks and looks poised for higher prices. 

Trigger: $86

Stop: $83.99

Target: $96+

See you in the chat Monday


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