Trade Alert: $AKS at first target AK steel is now
Post# of 474
Posted On: 11/28/2012 1:38:34 PM
Trade Alert: $AKS at first target
AK steel is now trading into my first target at 4 bucks from a price entry of 3.70. some of you got in lower and I think that's great. The right move now is to take off some, half is my default quantity, and then leave the rest on with a break even stop.
http://investorshangout.com/post/view?id=181812
The next target is 4.50 which is the 20 day moving average. The profits on the first half of this trade are 30 cents and the second half target is obviously for 80 cents. This averages out to about 55 cents for a 15% gain on this very short term swing trade.
Some people don't see a 15% gain on their trades for a whole year let alone a few weeks.
[IMG]http://i.imgur.com/T1wdA.png[/IMG]
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