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

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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:

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:

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:


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Deron Wagner

Deron Wagner is a professional trader, author of several ETF trading books, and the Founder of Morpheus Trading Group. Since 2002, he has been sharing his proven swing trading strategy with thousands of traders around the world. He has appeared on CNBC, ABC, and Yahoo! Finance Vision television networks, and is a frequent guest speaker at various global investing conferences.

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