Trades for the Defensive and the Aggressive
Traders seem to be either defensive or aggressive going into this weekend, and today I have two trades, one for each mind-set.
The more conservative trade is in the international wireless provider Vodafone (VOD), which has been trading in a consolidation channel since the end of last year. This week, it is breaking above channel resistance. In 2011, the stock traded in a variation of a broadening top pattern, before recovering the 200-day moving late in the year and immediately moving into the channel consolidation....309 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.