Stock pick for 12/19/2011
http://www.xpertstocktrader.com/2011/performance/122011.htm
TWX - long
Technical view: I know that someone can say: again cup and handle pattern. Look like we have many similar patterns out there. But TWX monthly continuation pattern was reason why I brought TWX on list for Monday. Friday volume was higher and break above $35.38 will be monthly continuation pattern setup confirmation. In that case we can look for possible few weeks swing trade and run to $38.50 (previous weekly high) and $40 resistance area. TWX daily bars can overlap a lot and because of that I used bigger stop then 15 min 200sma. Risk will be same; it will be just less lots.
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