Trade Tip 6/14/2011 Lean Hogs
The July hogs rose from 8665 to 9400 in 3 trading sessions to relieve oversold conditions. It has caught up
To the cash market now and has actually become overbought with stochastics readings above 91%
With this rebound to the old breakout point from early January at 9400. Each point = $4.00
The Trade: Sell July lean hog @ Market (9385 last)
The Stop: Place a buy stop at 9512 Risk is $510 to stop
Objective: Place an order to liquidate at 9075 $1240 objective to limit exit
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
