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Daily Long and Short Setup



April 25, 2011 – Comments (0) | RELATED TICKERS: GOOGL , BBT

I've already bought GOOG this morning at $524.81 on what I believe is a stock prime for a bounce somewhere in the realm of 3-4%. With that said, the stock offers a  very nice risk/reward setup with upside as much as $540 and down side of about 517, which is a 2:1 reward/risk. The other setup is BBT which is seeing a ton of overhead of resistance after breaking through it on Friday with strong volume.

LONG: Google, Inc. (GOOG)


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