Wednesday, May 24, 2006

Swing Trade - CKFR Update

When CKFR moved up above $51.00, this morning, I moved my stop up to $50.75, just 5 cents below support and I was stopped out before midday. CKFR closed just above yesterday's entry point so it was a profitable move. The daily chart looks like a bearish flag pattern is in the works so this could be a good short candidate going forward.

No other swing trades were initiated today as I was too busy at work.

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