All set to crash?If it loses 73, then time to short this stock. It could crash towards that big trend line around $50 and less.
Positive case would be it breaks above 80, then it could retest around 90 and fall.
TRNS
Arrow Electronics $ARW could follow $TRNS and make the breakoutIn the IBD ranking, NYSE:ARW is number 9 in its industry. While NASDAQ:TRNS is number one, which already made the breakout and has a +20%. Since I missed that move I´m focusing on SET:ARROW .
The electronics parts distributor has made 3 higher lows and shows a pivot buy above $123.50. With a stop loss at $118.27, my target sell will be above $138. I´ll be waiting for the breakout to take a position.
I´d like to add that the some of the biggest ETFs holders have momentum and alpha seeking strategies. Like AMEX:LSAT , $ AMEX:MTUM , AMEX:QVAL and AMEX:BOUT .
