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Lazy Trade Long & Short: LMCA & CPRT

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October 10, 2012 – Comments (0) | RELATED TICKERS: STRZA , 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)

 

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