Edward Life Sciences (by Ryan Mallory)

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EW pullback offers a second chance for traders

Stock: Edward Life Sciences (EW)

Long or Short: Long

Entry Range: $93.15

Stop-Loss: $89.99

Chart: Edward Life Sciences (EW)) Daily

Edwards Lifesciences EW

Reason for Trade: I traded this stock late last year, but without any real success, well, now it has finally broken out of the previous consolidation pattern, and after an initial breakout, has pulled back to that initial level just above the yellow box noted above. That's where I want to get long at and ride it higher. I could see this stock easily going to $98 with some help from the market. 

Be sure to check out more of Ryan's Swing Trading Setups at SharePlanner.com

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