Lazy Trade Long & Short: EW & HOLX (by Ryan Mallory)

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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)

Edwards life sciences swing trade long setup

Short: Hologic (HOLX)

Hologic HOLX swing trade short setup

Be sure to check out more of Ryan's swing trading setups at SharePlanner.com

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