Powder Dry for Hess

Using "trade triggers" and filters can keep you out of many trade setups that will never play out. While it won't keep you out of all losing trades, it will filter you out of quite a few doomed trades. For example, my recent setup zone in Stratasys (SSYS) got violated -- but there was no trigger for a swing trade. So it was basically no harm, no foul.

Hess (HES) -- Daily Source: Dynamic Trader View Chart » View in New Window »

But, for the Hess (HES) setup I'm still watching, the low end of the support has not been violated, as you can see on the daily chart above. So far, we have only seen the "aggressive" buy trigger on the 15-minute chart -- though if you use this kind of trigger, you'll tend to see more stop-outs. For such an entry in Hess, a stop can be placed either below the April 17 low at $65.67, or below the low end of the Fibonacci price cluster at the $65.34 level. ($0.20 to $0.50 below the zone is fine.)...312 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.