Tuesday, May 10, 2011

ISRG and CMG


May 10th, 2011

Our 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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