The Art of The Trade. Trade The Financial Markets With Confidence.
SL Green Realty Corp (SLG) – Short @ $11.60 with a Stop @ $14.50 and a Target of $8.00
SLG formed a huge red candle at an area of resistance on Friday, completely wiping out Thursday’s gain. The weekly chart is still extremely weak as well. I expect the market to be somewhat bearish next week which would help move this trade in the right direction.
Daily
Weekly
Filed Under: Stocks to Watch
Comments (1)
Disclaimer and Waiver of Claims: Trade Artist is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. The analysts and employees or affiliates of Trade Artist may hold positions in the stocks or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities. Trade Artist, the authors, the publisher, and all affiliates of Trade Artist assume no responsibility or liability for your trading and investment results. Factual statements on the Trade Artist website, or in its publications, are made as of the date stated and are subject to change without notice.
Past results of any individual trader or trading system published by Trade Artist are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Trade Artist’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on the Trade Artist website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. Securities and options involve risk and are not suitable for all investors.
See the characteristics and risks of standardized options.
Promotion and Endorsement Disclosure: In an effort to better serve readers of this blog, Trade Artist frequently requests and receives complimentary review copies of the courses, products, or services that you find on the Trade Artist website. That they are complimentary does not affect our review of the product - Trade Artist will always provide you with a direct assessment of a course, product or service that we review. In return for that endorsement and only in the case where you purchase directly though affiliate links on the Trade Artist website, we may be compensated by the producers of those products.
Short 345 shares of SLG at $11.60