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Daily Long and Short Setup: BBBY & KEY

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May 31, 2011 – Comments (0) | RELATED TICKERS: BBBY , KEY

So far today, the bulls are coming away a little bit disappointed today, and I can understand why. For me, the pullback that we've seen so far is giving me an opportunity to dip my toes in the water, after being 100% cash over the holiday weekend. 

I've added a few names the portfolio that I will provide analysis on here shortly. The one shown below, Bed Bath & Beyond (BBBY) is testing multiple support levels. I got in around $53.64, with a solid risk/reward setup. 

LONG: Bed Bath & Beyond (BBBY)

SHORT: Keycorp (KEY) 

 

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