Trade of the Week


TRADE OF THE WEEK – sponsored by LiveTradingFloor

JP Morgan Fleming Mercantile Inv Trust (JFM)
Technical Play: Consolidation Breakout – Long

Entry Price: 1033.50
Initial Stop Loss: 1020.00
Target: 1082.00

Strategy
The Trust is benefiting from an uplift across the equity investment sector. Tight consolidation which is required in this environment. 31/08 : Spread tightened, order book on setsMM stonger, tighten stop to 1037 (breakeven). 04/09 Tighten stop to Fri open at 1049.00. 06/09 Stopped out at 1049.00.

Performance
This stock has moved a total of 1.5% so based on a money-managed trade of 1% risk; your profit would stand at a 1.1% increase in 7 days.

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