1-Jan-2012 - Trading strategy for Western Refining Inc (up 068 percent, WNR)

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Summary Free Membership     Add to watchlist     Email to friendSee our recent article: How do I manage my trading risk?(Date Report Was Created: 30-Dec-2011) Western Refining Inc. (WNR)Basic MaterialsLast: 13.29  (+0.09 pts, 0.68%)  Open: 13.2  High: 13.36  low: 13.0808  Oil and Gas Refining and Marketing Quick Summary The Stock is in Recovery Phase. The Recovery Phase occurs after the market has bottomed and is showing weak signs of recovery. The prices may have temporarily stopped falling. The stock has recovered 19% from its recent low price of 11.17 which occurred on 25-Nov-2011. The current price is above the 20 day moving average of 12.81. The stock could possibly find resistance at the 50 day moving average of 13.97. The closest support can be found at 11.94. The closest resistance can be found NFL jerseys china at 15.52. See Support/Resistance below for details. How to trade Western Refining Inc.(WNR)? Breakout Trade: A close below the support level of 11.94 could trigger a sell signal. Confirmation would occur when the high of the day would be below 11.94. Retracement Trade: Consider buying when the price retraces around 11.94. Consider selling/shorting when the price approaches 15.52. Risk Management: Consider risking somewhere between 0.8775(6.6%) and 1.4625(11%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock. Sign up for free membership to view complete report. (Available only for short time) Look up analysis for ANOTHER stock Sign up for complete report Free Membership     Add to watchlist     Email to friend To view complete institutional style report and recommendation on Western Refining Inc.(WNR), pleaseSign up for free membership!!! If you have already registered, login now, to view the complete report. We evaluate over 4000 stocks everyday. Read our analysis for nike nfl jerseys WNR and other stocks daily.Why not become a member ?For now, it is FREE!!! Technicals Free Membership     Add to watchlist     Email to friend Market Phase:? Recovery This indicator compares long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of Western Refining Inc. is in the Recovery Phase. The market for WNR may have bottomed and is now showing weak signs of recovery. The prices may have temporarily stopped falling.  Short Term Trend:     (+4) The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. Western Refining Inc.(WNR) is currently mildly bullish. 3 Day Money Flow:     (+2) The money flowing for last 3 days in WNR has been insignificant on the uptrend. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator. Snapshot Free Membership     Add to watchlist     Email to friendPhase:?Recovery  Relative Strength:    (-4) EPS Growth(yoy):    (-4)  Fundamental:    (+6)  To view complete report on Western Refining Inc.(WNR)please sign up for free.If you have already registered, login now to view the complete report. askStockGuru TIPS Free Membership     Add to watchlist     Email to friendIf you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills. Risk Management should be critical part of your trading plan. A rational risk managment plan is crucial because it save your portfolio under turbulant market conditions. Here is one approach to manage risk involved in trading stocks. Tip. Limit the amount of money that you risk on a stock or a trade. Don't put your eggs in one basket. Investing too much of your trading capital on one stock or trade increases your risk. Common sense dictates that it is not the right thing to do. Many people have rightly suggested that investors should diversify their portfolios. Diversification does not increase returns, but it reduces your risk. The question then comes up is, how much money should I risk on a trade or a stock ? The amount of money that you should risk on a stock depends on the capital you have to trade, your mental and personal cheap nba jerseys makeup to tolerate risk, and your goals. Normally, it is suggested that a trader should not risk more then 2-5% of the available capital on one particular trade. This is a good rule of thumb; however, you should evaluate your personal circumstances and risk tolerance before taking on a trade.

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