WDR – Long Setup

"Danno" Sheehy

A long trade setup in Waddell & Reed Financial, Inc. (WDR) is illustrated below. WDR is threatening a breakout over the descending trendline. The set of higher-lows is what makes this setup particularly interesting. The higher-lows signal buyers stepping into the stock at current levels and short covering. A move over yesterday’s high will put […]

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"Danno" Sheehy

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