$WYNN - Break Out / Suggestion
Just an observation. Since WYNN gapped/ broke out on 4/1/11, it slightly broke its 10d moving average on 4/12/11. Two possible scenarios for a trailing stop would be to use the 20d or 50d moving averages as a trailing stop. Which ever used, wait until the daily bar closes below the moving average. The following day, your stop aught to be right below the low of the bar that closed below the 20 or 50d moving average. As i have not been trading this week due to an addition to my family, I will be looking to enter WYNN on any pull back next week.
$WYNN - Entry Mistake
I think the optimal spot to get long WYNN was down at 129.65, gap, especially seeing that on the 12th the bears couldn't close it below the the low of the gap up day. However, I missed that entry, so I am patiently waiting to enter as it makes new highs.
$MELI - High Tight Flag
One of the better looking charts out there imo. Alerts set at 87ish.
$PNRA - Pulling back into support on Lower Volume
Would like to see a solid move higher on over 1mil shares.
Pocket Pivot in $RL
Nice bounce off 21/50d moving averages. Up volume today was higher than any down volume day in the prior 10 days which qualifies as a pocket pivot.
