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Two New Trades: FBHS at $24.54 and LTD at $48.47

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August 24, 2012 – Comments (0) | RELATED TICKERS: LB , FBHS

I went into today thinking that if the market can pop off of the morning lows, that would be my cue to get long 2-3 more positions. So far I got two of them, and one of the others happens to be SINA that I'm watching closely. 

The two trades that I took, Fortune Brands Home and Security (FBHS) and Limited Brands (LTD) offer similar setups in two separate industries, where there is an uptrend in place, followed by a pullback to support. Both should be considered swing-trades and both have tight stop-losses attached to them. 

Here's my two new long positions and their setups.

LONG: Fortune Brands Home and Security (FBHS)

LONG: Limited Brands (LTD)

 

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