Alert: Key Levels, Finding The Perfect Trade

As the markets continue their wild ways, with moves up and down every other day, the swing trading market has become a thing of beauty. Major stocks are being slammed down, then bouncing off major support levels for a day or two, before dropping again. This seems to be repeating every few days which makes swing trading even better. One ideal swing trade was Ford Motor Company F. Yesterday, the stock fell into the 200 moving average on the daily chart. This was the first hit of this major support in months and thus would be a perfect long swing trade. The buy triggered at the 200 moving average at a price of $14.00 yesterday. Today, the stock is jumping, spiking to a high of $14.54. This is an example of a perfect swing trade. Half the profit should be off the table at this level and a break even stop on the remainder.

Related: General Motors Company GM

Gareth Soloway
InTheMoneyStocks.com