Good morning traders,
PLUG was finally up yesterday 8% on over 680k shares traded. It was the biggest day in over a week. The stock closed very close to the high for the day and was in a steady uptrend. Pulling away from the 50-day average is definitely a positive sign. I'll be watching closely today for new highs.
The metals from previous posts (BRD, GSS, GPL, and LPR) are still trading sideways. They have reached a relative low and are basing strongly.
I dumped CBRX last week to Get into PLUG. I read this morning that they will reverse split at a 1:8 ratio. I've never had a profitable trade when these stocks reverse split. Scratch this one off your watch list for now.
Those with strong stomachs may wish to check out FFN this AM. Up 25% yesterday on the coattails of FB's highly profitable quarter, it may have more room to run. Beware of the First half hour Bull Trap. Patience, timing, and a plan is what separates the winners from the bagholders.
Best of luck trading and have a great weekend,
Trader43
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