WCC long is an All-American Long Swing-Trade
Stock: Wesco International (WCC)
Long or Short: Long
Entry Range: $68.24
Stop-Loss: $65.67
Chart: Wesco International (WCC) Daily
Reason for Trade: I went long at $68.24 and am expecting the 20-day moving average to hold yet again and if the market continues to breakout, should offer an excellent play for the next 1-2 weeks.
Another ideal aspect of this trade is the pullback to the previous breakout level, which had price consolidating in a box formation prior to the breakout. Stop-loss is right there in my sweet zone, and if price does end up slipping that low, you’ll know that this stock no long is worth playing.
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