Here’s to
channel stocks staying in the channel one more time and to keeping an eye on
your Everyday Money.
Follow along as I attempt to stack up enough money and become good enough to trade full time. Here's to chasing the job I've always wanted.
Tuesday, May 15, 2012
Channel trading Walgreen’s stock (WAG)
So, had my
limit order in at the open and it got filled under my price. Getting filled under my limit price is both
good and worrisome at the same time. It
closed today above my buy price so that is a small bit of confront. The one thing about trading a range bound
stock is that it is in a range all the way to the point that it isn’t. For the past few months that I have traded
Walgreen’s stock I always think that this may be the time when the channel stops. This is fine, if it breaks to the up side. So now I wait for the move back up. Under a month is what it should be if it is
like the past times. I have my sell
order just waiting too. That’s it for
today, short and sweet.
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