Top Watches 01/08/19

Lannett Company, Inc. ($LCI) – NYSE

First day of a daily breakout for $LCI. No resistance until $12.00 area. Will wait for a pullback around $7.00 area which is a support level/whole number/VWAP to take a long position, using $6.70 as risk which is the last support level before $6.00.

-Stocks mentioned are ideas and personal opinion, not recommendations to buy or sell
-Don’t overtrade or trade out of boredom
-Aim for 5%/10% gain depending on the chart
-Trade the ticker, not the company
-Lock in profits along the way
-Cut losses quickly when your risk level is breached

Leave a Reply

Your email address will not be published. Required fields are marked *