Jun 292010
Stock: U.S. Airways (LCC)
Price: 8.54
RSI(2): 1.23
Risk: 2% of equity
ATR Entry: 0.579
1.5 X ATR: 0.87
Position Size: 19.67% of equity
Target Price: 10.28 (three times ATR added to the entry price)
Stop: 7.67
Action: Buy an approximately 19.67% of equity position in LCC at 8.54 with a target price of 10.28 and an initial trailing intraday stop loss at 7.67.
This trade goes in the ATR Trading portfolio.