Lazy Trade Long & Short: MCD & ESRX
Taking the swing-trade short in ESRX
Often times when I'm searching for the day's lazy trades, I end up making one or both of the trades as I write the post. That has happened once again today by getting short on Express Scripts (ESRX) at $61.51.
The other pick is one I've tried for a while now to time correctly, and that is McDonalds (MCD) which is now forming a triple-bottom pattern after failing to confirm the cup and handle pattern it had been developing before.
With the new short in ESRX for me that brings my portfolio up to 2 shorts and 1 long positions
Neither of the 3 do I plan on selling, and based on how this market is behaving today, I wouldn't be surprised if we get one final push lower before this market closes for the day.
Heres the trade setups on today's lazy swing-trades
LONG: McDonalds (MCD)
SHORT: Express Scripts (ESRX)