| Rohm & Haas (ROH) -- Daily |
The ideal setup for this trade would be an entry at $53, with a stop at $55.50. This offers $2.50 in risk. The first profit target would be placed at $50.50 to serve the 1-to-1 reward/risk ratio. The final profit target will be determined if the price can close under $49.75. If Rohm & Haas' share price moves under $50 without first offering an entry, this trade setup is no longer valid. The stock closed at $51.17 Monday.
Updates on Previous Picks
- Christopher & Banks (CBK)
did not set up last week. The entry strategy for this trade is to see price move back to $19.50, with a stop at $21.10. This offers $1.60 in risk. The first profit target would be placed at $17.90, which would satisfy the 1-to-1 reward/risk ratio. The second profit target would be $15.25. If the price closes under $16.90 without first offering an entry, this trade setup is no longer valid. Shares closed at $17.31 Monday.
- PetMed Express (PETS - Get Report) is
still open with the entry at $12.80. The stop should be lowered to break-even at $12.80. Partial profits were taken at $11.35, and the final target remains at $9.50. Shares closed at $11.03 Monday.
- Take-Two Interactive Software (TTWO - Get Report)
closed below $19.25 on Monday before offering an entry, and therefore it has been taken off the Watch List.