I'm finally starting to pick up some more exposure to the long side in my trading. I came in to the day just long on Array Biopharma (ARRY), but have since added Signet Jewelers (SIG) and just now added Edwards Life Sciences (EW) at $91.01 as you'll see below.
EW has a nice setup to take as the risk is fairly tight and is bull flagging at its recent highs, while consolidating just above resistance - did you get that? If not, the chart shows it a bit clearer. Oh yeah, then you have a triple bottom in place. There's a lot to like about this one.
On the short side, Hologic (HOLX) which we've recently shorted successfully in the past on a similar setup is testing overhead resistance on the downturn as well as a great deal of resistance after being in a sustained downtrend after confirming the head and shoulders pattern a couple of months ago.
Ok enough babbling… the charts will make it look a lot more clearer.
Here's today's lazy trades long and short setups.
Long: Edwards Life Sciences (EW)
Short: Hologic (HOLX)
Be sure to check out more of Ryan's swing trading setups at SharePlanner.com
