I like the risk, reward, and momentum that this trade in BKS offers at this price level. I have a good stop level right above at 14 and a target of 12.50. It needs to break below last Friday's low of 13.19. I like the bounce today to get to sell it on a big green open. The daily chart MA's look really good with the stock trading below the 10,100, 200 and the 10's crossing below the 200 (something I don't have to see in my setups but I like it when it happens).
Fill: 13.69
Stop: 14
Target: 12.50
Max Loss: .31
Target Gain: 1.19
Roughly 4:1 but if it hits 12.50 I won't dump my entire position immediately.
Fill: 13.69
Stop: 14
Target: 12.50
Max Loss: .31
Target Gain: 1.19
Roughly 4:1 but if it hits 12.50 I won't dump my entire position immediately.