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Daily Long and Short Setup

Recs

1

May 25, 2011 – Comments (0) | RELATED TICKERS: CMI , MCO

One new position to report this morning in Cummins (CMI) as I managed to get in at $102.03. The volume looks strong in it so far today, and there has been a descent bounce at this point in this trading session. The other setup is Moody's (MCO) which has been strong for most of this year, but has recently put in a double top of late, with a huge gap below that needs to be filled. 

LONG: Cummins Inc. (CMI) 

SHORT: Moody's Corp (MCO)

 

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