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3 Trade Setups To Watch



April 14, 2011 – Comments (0) | RELATED TICKERS: ADBE , DISCK , BPO.DL

The market has done an admirable job of recovering off of its morning lows. The S&P tested the Fibonacci 38.2% retracement level and held it so far. I've jumped into one additional long position this morning - Adobe Systems (ADBE) at $34.40 and a stop-loss at $33.78.

LONG: Adobe Systems (ADBE)

LONG: Discovery Communications (DISCK)

LONG: Brookfield Properties (BPO)

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