Wednesday, November 25, 2009

Day Trade in WYNN

This morning I went through my list of stocks that I day trade. I identified two possible day trades by looking at support, resistence and Bollinger Bands for these twelve stocks and decided to buy Wynn Resorts if it traded at about $62.90.

The stock slowly came down to $62.85, bounced a little and then fell back down to $62.87, setting up a double bottom. I bought it at $62.96 and am still holding it at $63.67 a share.

I also liked Eaton (ETN), but the stock rallied from the opening and never gave me a real chance to buy it at a price I liked.

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