$aapl on intraday breakout, $CVX may stop me out
Post# of 474
Posted On: 12/17/2012 12:40:23 PM
$aapl on intraday breakout, $CVX may stop me out
$AAPL is now back above entry at 512 which was a position entered based on a pullback to the lows of 11/16. This is a big stock but it is such a spring loaded position that it has the capacity to shoot up 10% in a couple of days since it is such a high beta name.
$CVX is a bit on the strong side today as well. It is pushing up agains the 50 DMA intraday, but even if it does not close above that level, my stop out is a close above the high from 12/11 which is 108.26.
I took two day trades on AAPL already for good gains, and am watching for the hit of $BAC at 11 bucks for a short swing entry.
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