CPA JOSS

Today's chart of the day is medical devices maker ARAY. The stock has pulled back to the 50 dma after a strong uptrend and is now oversold. This setup offers great reward to risk with a target near $10, entry around $9 and a stop around $8.75. Subscribe to The Market Speculator by Email With a 4: reward to risk ratio, you only need a 25 percent win rate to break even.  All it takes is a 33% win

Sometimes swing trading is easier than we make it. In the trading game it literally pays to keep it simple. Our stock of the day, EA is a great example of the KISS method. When do you buy EA? That's easy. When it pulls back to the 50 dma or when stochastics near oversold levels. It's a slam dunk trade that would have given us 7 profitable trades over the past year. Subscribe to The Market