Daily Trader: Trading Ideas For August 27th, 2014

Our Daily Trader portfolio scan generated following trade setups for Wednesday August 27th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

  1. GrupoFinanciero SantanderMexicoSAB De CV (BSMX)
    • Direction: Long
    • Entry: 14.37
    • Stop: 13.95
    • Target: 14.61
    • Pattern: Expansion Candle


  2. GW Pharmaceuticalsplc. (GWPH)
    • Direction: Long
    • Entry: 95.76
    • Stop: 93.33
    • Target: 103.75
    • Pattern: Expansion Candle / Resistance Break


  3. Isis Pharmaceuticals, Inc. (ISIS)
    • Direction: Long
    • Entry: 40.27
    • Stop: 39.07
    • Target: 42.03
    • Pattern: Expansion Candle / Resistance Break


  4. Ruckus Wireless Inc. (RKUS)
    • Direction: Long
    • Entry: 14.12
    • Stop: 13.79
    • Target: 14.68
    • Pattern: Expansion Bar


  5. Lorillard Inc. (LO)
    • Direction: Short
    • Entry: 58.82
    • Stop: 60.16
    • Target: 56.93
    • Pattern: Expansion Bar / Potential Support Break


  6. F5 Networks Inc. (FFIV)
    • Direction: Long
    • Entry: 124.50
    • Stop: 122.55
    • Target: 130.55
    • Pattern: Expansion Candle


  7. Noodles & Co. (NDLS)
    • Direction: Short
    • Entry: 20.11
    • Stop: 20.81
    • Target: 18.40
    • Pattern: Expansion Candle


Previous Trades Update:

Eight of our trades were triggered on August 26th.

  • BITA (long)  hit the target for 3.8% gain
  • CLVS (long) hit the target for 3.1% gain
  • VNET (long) stopped out for 3.2% loss
  • TRW (short) – update the stop to 97.06 and maintain the target at 89.97
  • VMW (short) – update stop to 99.50 and maintain target at 95.90
  • MDVN (long) – maintain stop at 87.88 and target at 90.78
  • SLCA (long) – update stop to 66.42 and maintain target at 67.93
  • JD (long) – maintain stop at 30.59 and maintain target at 34.71

Prior Trades:

  • C (long) – we will continue to hold onto this long trade. Move the stop to 51.21 and maintain the target at 53.30
  • UA (long) – We will continue to hold onto this trade. Raise the stop to 69.95 and maintain the target at 73.89

Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.
  • We usually avoid taking a position if there is big gap-up or gap-down.
  • If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
  • If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
  • If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
  • Remember to position size based upon your risk-tolerance
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