May 10th, 2011Our last stock pick on the blog was PCLN which went up 40 points from our entry.
We have two new picks for you to take a look at.
Pick #1. ISRG
Today ISRG went back to green for our long signal at $358.00. We are looking for ISRG to make a new high around the $390 as our first target. The stock is right under the last red low which is $340.00.
Pick #2 CMG
CMG is not fired yet as far as the indicator but we should get that signal when CMG breaks the last minor structure high at #272.50. If triggered the stop would be $263.00. The stop is located under the last minor structure low on this trade. Technically it is a tight stop but we do not want to risk back to the last major low. We are looking for a new high at $300.00 to $320.00
Notice on both charts we have had odds with blue bars highs and yellow bar breakouts. These are the type of trades that even 100 shares can make 5-6k on the 1st target.
Looking at these charts would you go against our colors? would you stay long at blue bar highs?
Happy Trading,
www.eMiniSchool.com
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