Stock pick for 11/29/2011
VRX
Technical view: VRX broke daily triangle what we can see on the chart. Also on 15 min chart we can see range action what I will use for another setup. First resistance will be daily 200sma (red line) and after that monthly 10sma ($46.75 area). Depends on volume and pace after setup we can decide if VRX is good for swing or only day trade. I like to take swing chart possibility with intraday trading plan because that can increase risk/reward and in that case one good wining trade will cover several negative trades. If anyone don’t have clear picture for VRX idea please feel free to contact me (ivica@xpertstocktrader.com)
Wish you all great trading day
Ivica Juracic
Xperstocktrader
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