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Swing Trade Quick Pick: Credit Suisse Group (CS)

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August 08, 2013 – Comments (0) | RELATED TICKERS: CS

I was a little hesitant about getting into Credit Suisse (CS) at first, primarily beceause of how gappy it can be from an overnight perspective.

However, the fact that it was breaking through 2013 resistance made it a trade that I could not resist. So I got in at 29.91 a couple of days ago, and just now it is breatking through that resistance. You also have a stock that was a part of a much wider range from the resistance level on top down to about the mid-$25's which has existed for all of 2013. 

So the fact that it is breakint through today is a pretty big deal. 

I expect for it to make for an excellent swing trade ranging from 2-3 weeks or more. 

Here's the chart analysis on Credit Suisse (CS):

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