Lazy Trade Long & Short: MCD & ESRX (by Ryan Mallory)

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Often times when I'm searching for the day's lazy trades, I end up making one or both of the trades as I write the post. That has happened once again today by getting short on Express Scripts (ESRX) at $61.51.

The other pick is one I've tried for a while now to time correctly, and that is McDonalds (MCD) which is now forming a triple-bottom pattern after failing to confirm the cup and handle pattern it had been developing before. 

With the new short in ESRX for me that brings my portfolio up to 2 shorts and 1 long positions

Neither of the 3 do I plan on selling, and based on how this market is behaving today, I wouldn't be surprised if we get one final push lower before this market closes for the day. 

Here's the trade setups on today's Lazy Trades:

LONG: McDonalds (MCD)

mcdonalds triple-bottom swing trade

SHORT: Express Scripts (ESRX)

Express Scripts ESRX

Be sure to check out other Swing-Trades from Ryan at SharePlanner.com

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