Lazy Trade Long & Short: LMCA & CPRT
Today's long and short setups involve two setups that have extreme appeal to them, and offer incredible entry-opportunities.
The first is Liberty Media (LMCA), which for years now has been a great upward trending stock. But if you'll notice, it tested that trend-line to day on an insane amount of volume, formed a hammer, and blasted higher.
The second setup is a short in Copart (CPRT), which ironically in the past, I have had ZERO success at going long on. So perhaps now, with a breakdown of the consolidation from the past month, it will finally give me those returns I always thought I could get out of it.
Here's today's Lazy Trade Charts.
Long: Liberty Media (LMCA)
Short: Copart (CPRT)