Colfax Continues Higher

Posted on January 23, 2014 by Stock Trade Journal

Colfax (CFX) hasn’t stop moving higher after breaking out from a year long trading range in 2012. It had a very strong move on Jan 14th after consolidating for a few days during the holidays and it is poised to move higher. Notice how the ATR trailing stop in a weekly chart allows a trader to capture long term trends. I’ve found this tool extremely useful in my trading.

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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