Northern Rock PLC (NRK)
Technical Play: Other – Long
Entry Price: 1047.00
Initial Stop Loss: 1039.00
Target: 1129.00
Strategy
Breakout over previous days high and small consolidation. Good news today and already low tested. Stop below round number at 1039. Enter no higher than 1049.
08:57am – stop raised to 1049 to lock in profits. 9:02am – stop raised to 1059. 11:29am – stop raised to 1069. 11:47am – stop raised to 1079. 12:36pm – stop raised to 1089. 14:11pm – stop raised to 1099. 14:21pm – stop raised to 1109. 14:59pm – stop raised to 1119. 16.20pm Manual close at 1127.
Performance
This stock has moved a total of 7.6% so based on a money-managed trade of 1% risk; your profit would stand at a 10% increase in one day.
Would you like to be alerted to trades like these BEFORE they happen? Register at www.livetradingfloor.com NOW, and never miss another great trading opportunity again.
This entry was posted
on July 26, 2006 at 12:35 pm. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
