[Opening Position in Fx Energy (FXEN)]
Dear Member:
Fx Energy (FXEN)has gapped up off a double bottom after a long and fairly sharp decline. The stock now offers me an entry I like with a nearby exit it case it turns against me.
I am placing an order to buy the stock at a limit of $6.75. If filled, I will place my initial stop at $6.45. As with all positions, this is far from a certainty, but I like the potential reward to risk since I see the first target at $7.50.
DISCLOSURE: At the time of publication, I have no position in FXEN.
Sincerely,
Bill Kraft
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