Long & Short: RHT & BAC (by Ryan Mallory)

By -

Redhat (RHT) is setting up very nicely for a break out of the triangle pattern, and as a result I've taken a long postion in it at $56.19. On the short-side you have Bank of America (BAC) which might be surprising to some of you that I'm posting it again, after having just been stopped out of my short position on Friday. But actually, today, it looks even better for shorting than it did on Friday, and in particular the risk can be kept tighter. 

Here's today's long & short:

LONG: Redhat (RHT)
Redhat RHT
SHORT: Bank of America (BAC)
Bank of America BAC

Be sure to check out Ryan's Blog at SharePlanner.com