SIVB – Simple Trading Setup – 8 November 2013

simple trading

SVB Financial has been on our Stalk List for a while now.  We were hoping this pullback would be a bit deeper so as to allow an even better risk/reward entry.

But alas… no such luck…the stock has decided it can’t wait to go higher it seems.  A long entry here with a stop down below $93.50 seems reasonable.  As always, control your risk by controlling your position size.