| Christopher & Banks (CBK) -- Daily |
Updates on Previous Picks
- Building Materials Holding ( BLG) closed
under $17.50 last week without first offering entry. This trade setup is no longer valid and has been removed from the Watch List.
- FiberTower ( FTWR) did not
set up last week. The ideal short setup would start with an entry at $5.60. The stop would be placed at $6.20, offering 60 cents in risk. The downtrend confirmation signal would result if the price closes below $4.60. This would be the first area for profits, offering $1 in profit vs. the 60 cents in risk. If this level can break, the next profit target would be in the $3.50 area. However, this final target would not be determined until we see how price behaves near $4.60. If price moves under $4.60 without first offering an entry, this trade setup is no longer valid. Shares closed at $5.28 Monday.
- PetMed Express (PETS - Get Report) is
still open with the entry at $12.80.The stop at $14.25 offers $1.45 in risk. The first profit target is at $11.35 to satisfy the 1-to-1 reward/risk ratio. Partial or full profits could be taken there. If partial profits are taken, the stop can be lowered to $13, and the final profit target would be the September lows of $9.50. Shares closed at $11.92 Monday.
- Savient Pharmaceuticals (SVNT) got
stopped out at $13 on Monday.