Lazy Swing Trades Long & Short: PBCT & SAP
Swing-Trading isn't all that easy right now
With us stuck in what seems to be a perpetual channel sideways, I figure this market is going to be difficult to trade for the foreseeable future. As a result, I'll probably look to take gains faster, and probably increase my frequency of day-trades as a result.
This morning's lazy trades represents a nice breakoutplay to the long side in People's United (PBCT) and a short setup with an inverse cup and handle pattern in SAP (SAP).
Here's today's swing-trades:
Long: People's Choice (PBCT)
Short: SAP Ag (SAP)