[Opening Position in Kindred Healthcare (KND)]
Dear Member:
Kindred Healthcare (KND) is coming off a double bottom and stochastics have crossed over. The company is one of the largest providers of long-term healthcare and has a reasonable P/E around 15. Absent something really unusual, with an entry near the current price of $25.89, it looks like I would have about 80 cents of risk by setting an initial exit at $25.10. I like KND for an entry at a limit of $25.90 or better for the day. If filled, I would set a stop or at least my alert to sell in the event the stock drops below $$25.10.
DISCLOSURE: At the time of publication, I have no position in KND.
Sincerely,
Bill Kraft
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