Equity Oracle: 03/30/2012

Each and every day, as this stock continues to climb, it becomes more difficult for the buyers to hold on. The drop in volume is a sign that the buyers are losing their momentum but it’s the 20-day moving average that we will be focusing on. Our strategy is to short the stock only after it closes below the 20-DMA. Lowes is in an upward trend that is “over-extended” and it’s the moving average that is our trigger, signaling the time when it will be safe to take a short position. It’s important that you wait for the signal before taking any action. We want to make sure the sellers are taking back control.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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