LTD/Limited Brands - This is the first pullback since the breakout. Traders who want to pursue this higher risk buy setup should have alarms at last Friday's high. The initial stop loss should be last Friday's low, and just like JNJ, we need to see this close well, above 19.45, in order to take it home, if the trade is elected.
This is our last idea for today.
04.02.09 09:20 #