Close Avon (AVP) Position

I'm closing the AVP position even though it hasn't stopped us out or hit our target. This taking way to long to move. Avon should have popped much faster if it wanted to rally. We are better off looking for another play. Avon is pretty much near our entry price so it's a break even trade.

Position Update

LULU

If you took the LULU trade you got stopped out when the stop got taken out.

AVP

AVP stop held in and is still in play. AVP is trying to break the most recent high and if it gets taken out we could see the $24 area.

AVP nice daytrade with a tight stop

AVP is a buy at this price at $21.78. After chopping around for several days AVP finally made a strong move that it is ready to try a relief rally. I'm looking for AVP to get back to it's daily 20MA around the $24 area over the next few days. If you want an aggressive stop you may place it below the $21 area or if you want to give yourself alittle more room you may place it below $20.

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I marked the entry with a green arrow and possible stop areas with the red arrows. You can learn more about my strategies in the swing trade lessons section.