Lazy Trade Long & Short: WTSLA & GCA
It's not often that I come across a five-letter symbol worth going long or short in, but WTSLA as a low-dollar stock, is setting up nicely to the upside for a breakout. The range to get in is between $3.26 and $3.33. I'd put the stop though at $3.12 which will keep risk at bay.
The short setup comes from GCA which is in the financial sector but the sector as a whole has seen some wild swings of late. It's clearly breaking down off of the previous uptrend, but wait for a retest of the underside at $8.00 to play it safe.
Here's today's Lazy Trades.
LONG: Wet Seal (WTSLA)
SHORT: Cash Access Holdings (GCA)