[Moving Stop Up on Ppl Corporation (PPL)/Sell Stop at $30.50/Good 'til Cancelled]
Dear Member:
I am now moving my stop to sell PPL up from $30.30 to $30.50. While the stock is up nicely again today, it looks as though it may be forming a Japanese candlestick formation known as a "hanging Man" near resistance. This formation could be the precursor to a move down. As always, if the stock continues up, I'll be moving my stop up as well in an effort to protect more and more profit.
DISCLOSURE: At the time of publication, I own PPL stock.
Sincerely,
Bill Kraft
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