CHD, URBN · Bulls on Wall Street Trading

CHD, URBN

On Friday, 8/21, CHD and URBN both seemed ready to climb. CHD very long-term is fantastic, but short term is ragged and wicky lately. It's been in a spiky range-bound uptrend since April, was at bottom of range. I liked its hammer and its move from below to above the 50ma with healthy volume; entered near the close as it stayed just above the 50-day. Sold it today (8/24); with its gappy moves, I don't trust it to not spike down--maybe another of my premature sales; we'll see. URBN also not a pretty chart, but uptrending since March, with big swings. Friday it was almost a doji; spiked down on open, but recovered and stayed above the 50 day, also on good volume; looked ready for its next swing up; entered near the close. Holding, but will sell before earnings announcement post-close 8/26.

0 comments

CHD, URBN