The Shakedown 6/10/18


A strong week in the market gave great trading action in many of the names we've been watching for a while. It is unquestionably a 'stock-picker's market' as we've seen so much chop in the broad market, with select stocks making incredible moves, completely shaking off the market's rocky waters. Times like these call for selectivity and even more game planning than usual.

RTN Long

RTN has been basing really nicely over the past month or so. It finally looks pretty ready to rise out of this consolidation area. With all the geo-political news stealing seemingly every headline, a defense name like RTN makes even more sense. Entered small Friday but looking to add heavily through $215 if it gives me the opportunity. 

Trigger: $215

Stop: $211.89

Target: $225-230+

Hope to see you in the chat Monday!

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