PREMIUM SERVICES Squawk Box Blog Education Glossary About Our Team Contact Us Webinars LOGIN Register – FREE Account details Lost password Generic selectors Exact matches only Exact matches only Search in title Search in title Search in content Search in content Search in excerpt Search in posts Search in posts Search in pages Search in pages Filter by Categories Charts We Like Charts We Like Educational Articles Educational Articles FOREX Hour Shows FOREX Hour Shows FOREX Trading FOREX Trading Futures Trading Futures Trading Older Weekend Update Archive Older Weekend Update Archive Options Trading Options Trading Pairs Trading Pairs Trading Pairs Trading Hour Shows Pairs Trading Hour Shows Peter s Premarket Perspective Peter’s Premarket Perspective ShadowTrader Video Weekly ShadowTrader Video Weekly Swing Trading Swing Trading Tasty Trade ShadowTrader Uncovered Tasty Trade (ShadowTrader Uncovered) Trading Psychology Trading Psychology Uncategorized Uncategorized

ShadowTrader Free Trade Idea of the Week – AMGN – Short

By
"Danno" Sheehy
Equity Strategist

Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from either the equity or the forex side here.Note: Free weekly trade ideas are strictly DIY (do it yourself!) and are not actively managed or updated once presented and may or may not be stocks that are currently in play in our newsletters. For a more “full service” feel, with real-time email alerts and updates, please check out the ShadowTraderPro Swing Trader and ShadowTraderPro FX Trader. TDC

Amngen Inc. (AMGN) – Short
Entry – 182.75-184.20
Stop – 186.00
Target – 168.00

AMGN has traded higher the great majority of days over the past two weeks and is now facing resistance of longer term highs.  The first test of the range of recent highs has a higher probability of reversing back lower, particularly after the recent run up.  The trade parameters  of this short play in AMGN on the chart above offer a better than 3 to 1 reward to risk ratio.

 

 

Written by "Danno" Sheehy

Danno is the editor of the ShadowTraderPro Swing Trader and is the developer of the ShadowTrader Sector Trend Scores and also the infamous ShadowTrader Money Flow indicator. Check out the full version of the Swing Trader newsletter daily at www.mytrade.com/shadowtraderproswing

View all author posts →

WP Facebook Auto Publish Powered By : XYZScripts.com