Equity Oracle: 04/18/14

teo-041814

Office Depot closed with a bullish engulfing pattern on an established support level. There is also a gap above the market that is expected to fill. The strategy is simple, buy the stock, set your stop 50 cents below your buy price and trail your stop up as the stock makes a move to higher levels. I like the cheaper stocks right now because investors will be quick to exit higher volatility stocks


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AJ Monte

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