10% gain on a 2-week hold (swing trade in Polaris Industries – $PII)

Enjoy this post? Share the love.

This is a review of our recent swing trade in Polaris Industries (PII). The chart below shows the technical buy setup prior to our entry:

120403PII

On March 23, subscribers of The Wagner Daily were alerted to a breakout entry in PII. The strong closing price (near high of the day) and big volume confirmed the breakout:

120403PII2

After a few days of consolidation on lighter volume, PII broke above the prior swing high on April 3 (today). We took profits by selling into strength on April 4, locking in a 10% gain on the trade while risking only 4%. This equates to a 2.5 to 1 reward-to-risk ratio on the trade (10% / 4%), which is a very solid ratio for a two-week holding period:

120403PII3
To participate in our next big winner, click here to get started with your membership to our nightly ETF and stock newsletter today, from less than $2 per day (based on annual subscription). You may also wish to view visit our free, educational archive of past ETF and stock newsletter.


Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *