CXW trade ideas
Bullish Flag + Engulfing Candlea doji at the bottom of a flag pattern engulfed by a bullish candle. I will trade the top of the engulfing candle with a stop below it.
Trigger: 23.85
Stop: 23.07
Target: 25.43
Plan:
Allow 2 days to trigger.
move stop up after two opens/closes above the 10ema.
take all at target.
long term Investment? Double bottomFinancials OK, over 36 weeks decline, good dividend with no cuts, earnings OK with consistent estimate beats. I see a double bottom with a good risk reward ratio for a long term investment unless it breaks below $24.00 or cuts its dividends. 41% decline since March 2015. This is a REIT
