Great Companies, Great Charts: Effective Stock Trading Techniques to Beat the Markets by Dunn Andy

Author:Dunn, Andy [Dunn, Andy]
Language: eng
Format: mobi
Publisher: Andy Dunn
Published: 2004-05-05T16:00:00+00:00

Imagine you’re going to buy a stock with a trading range between $3 as the high and $2 as the low. I know, I know…never buy stocks under $15. The rule can be broken this one time for the sake of learning. The difference between the highest high and the lowest low is $1. You can trail the stop upward, moving $1 under the highest high. It becomes clear that the range is not only ratcheting, but also shrinking as the stock increases in price. Eventually, the stock has to be stopped out since there is no room left to fluctuate; the range percent gets squeezed.

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