Friday, September 28, 2012

Campbell Soup Co. Ready to Move


Expect a breakout in Campbell Soup Co. (CPB) now that the Bollinger Bands have moved inside of the Keltner Channel on the daily chart. I will go long on a move above 35.50 for a day trade and look for a retest of 36.28 using a trailing .25 stop.

Wednesday, September 19, 2012

Looking for C.H. Robinson Worldwide (CHRW) to continue it's downward trend. I will be selling short below 55.50 with a target of 50.80 which was the July low. My stop loss will be 58.08 which is just above the August high of 57.83. I have found that whenever the Bollinger Bands get inside the Keltner Channel I can expect a breakout in the same direction of the longer term trend.