TripAdvisor (TRIP) has taken it on the chin lately and there might be some good short trade opportunities for those that are nimble. Trip is very oversold right now and will likely bounce a little which will provide a potential trade with a decent risk to reward opportunity. I'd look for a bounce up to the $80-82 range and I'd place a stop at $87. After the trade is on, I'd set a profit target to sell half at $69 and trail a stop down to the ultimate target of $60 and change (i.e. $60.30). Check out the chart below.
I am going to start posting at least once a week on this site again. I'll do random trade ideas when I see them and then some general market update.
Have a great day.
TLT
I am going to start posting at least once a week on this site again. I'll do random trade ideas when I see them and then some general market update.
Have a great day.
TLT
