Simple Trading PACW – As of 11 May 2015 Close

PACW W As of 11 May 2015 Close

Regional bank PacWest Bancorp looks to be squeezing toward a new 52 week high.  The company doesn’t report until July 20th, but price looks set to make a push higher before then.

Drop down to a lower timeframe to stalk long entries.  Use $38.00 as a line in the sand to help you decide that the trend has reversed for the time being.

 

KIS,

The Trader

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