As I mentioned earlier that I have covered back my McDonalds short position, while I am still holding on to the other two short position that I have – they are Lorillard & Airtran Holding.
Let’s just have an update by taking at their stock chart now!
Riding On The Down Trend
The market did try to ride higher yesterday after the stimulus plan announced by China government. However, that did not manage to cheer the market well and US closed in red despite such a good news. Plus, the US market has turned bearish again after another turbulence of the AIG bailout by US government.
AAI (Airtran Holdings) looks to keep continue its down trending now as I am seeing a series of dark candle. It did not dive sharply but gradually going down. That’s ok and we can still ride on its down trending pattern. One alert that I spotted is that 20d MA is rising up fast and that moving average could become the support.
LO (Lorillard) has created a recent higher low but the laggard indicator is still not turning yet, plus the recent market condition can still bring it down further to test my profit target.
Airtran Holdings Inc (AAI) Stock Picks
Airtran Holdings Inc (AAI) Stock Picks
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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