Rockwood Holdings tests and moving higher

Posted on December 6, 2013 by Stock Trade Journal

Rockwood Holdings (ROC) pulled back to test its break out level and it is continuing to move higher today. I have written several times in my trading journal how this kind of pull back followed by a strong continuation in the break out direction in creases the odds of success. Price is reaching new highs, so I put in the customary ATR based trailing stop to keep me out of trouble.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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