Jun 252010
- Stock: Forest Oil (FST)
- Price: 28.60
- RSI(2): An anemic 0.76
- Trend: Higher. Price above green Ichimoku Clouds.
- ATR: 1.448
- Trailing stop at 3 X ATR: 4.34 below entry price and adjusted to trail below highest close.
- Risk: 2% of equity
- Position size: 13.17% of equity based on the current price and ATR.
- Action: Buy an approximately 13.17% of equity position at 28.60. Today only.
- Portfolio: ATR Trading
* Stock: San Juan Basin Royalty Trust (SJT)
* Price: 25.31
* RSI(2): 1.76
* Trend: Higher. Price above rising green Ichimoku Clouds.
* ATR: 1.052
* Trailing stop at 3 X ATR: 3.16 below entry price and adjusted to trail below highest close.
* Risk: 2% of equity
* Position size: 16.04% of equity based on the current price and ATR.
* Action: Buy an approximately 16.04% of equity position at 25.31. Today only.
* Portfolio: ATR Trading
* Price: 25.31
* RSI(2): 1.76
* Trend: Higher. Price above rising green Ichimoku Clouds.
* ATR: 1.052
* Trailing stop at 3 X ATR: 3.16 below entry price and adjusted to trail below highest close.
* Risk: 2% of equity
* Position size: 16.04% of equity based on the current price and ATR.
* Action: Buy an approximately 16.04% of equity position at 25.31. Today only.
* Portfolio: ATR Trading