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Long PAG At $13.35

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1

October 07, 2010 – Comments (0) | RELATED TICKERS: PAG , DAL , BEAV

So far this morning the market is simply content with trading sideways. I'm taking a hit in BEAV this morning after a tremendous breakout session the day before. I've added Penske Automotive (PAG) to the portfolio this morning on a double-bottom confirmation. My stop is pretty tight on this one, offering a high-reward/low-risk profit opportunity. 

As for my position in Delta (DAL), that one is likely to get scrapped by the close, if it doesn't show me something between now and then. 

Here is my chart analysis for PAG.

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