Wabash International Wnc Setup

Discussion in 'Stocks' started by retaildaytrader, Sep 11, 2009.

  1. I saw YRCW moving up and looked for other trucking stocks to see what I could find. This seems like a good one.

    On the other setup I posted, I cleared out of that position and will re-enter possibly on a pullback. My trading rules dictate to trade within the bands. Price over the band in my experience means there is usually better pricing to come in a few days. For example, on my Novagold NG setup price went over the bands then pulled back, consolidated and moved forward from there.

    On this one its fairly obvious what Im trying to demonstrate. There was support found at the moving average.

  2. The setup is looking much better today. WNC has normally outperformed coming out of recessions. In 1991-1992, I believe it went from single digits to 35 in a year. I remember this one;) I do.