2013-07-10-Free Trade of the Day

Posted on July 10th, by Mitchell Warren in Free Articles, Trade Ideas. Comments Off on 2013-07-10-Free Trade of the Day

 Free Trade of the Day

ECommerce China Dangdang

Notes: E-Commerce China Dangdang (DANG) is set to announce Q2 earnings on Tuesday, August 13th.

Buy (DANG) shares for $6.70 or better

Stop loss- $6.29

Upside target- $7.50

Reward/risk ratio- 2.0

Updates: The breakout in the L-3 Communications (LLL) persisted today with the stock rising 1.42%. Look to take profits near the $91 level. Shares of Lennar (LEN) fell 1.42%, failing to reach the $36 shorting level we noted yesterday. While Altria Group (MO) shares came within 1% of the all-time highs today. If the puts we highlighted to short trade under $0.05, consider buying them back to lock in gains.

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