[Entering Position in World Wrestling Entertainment (WWE)]
Dear Member:
It seems like forever since I have found a bullish play I like in this market. World Wrestling Entertainment (WWE) has broken the neckline of a reverse head and shoulders and has bumped above both the 10 and 20 day moving averages. I am placing an order to buy 1/3 of my usual position at a limit of $15.10. Since I am still not convinced that the worst is over for the markets, if filled, I will keep this one on a pretty tight rein with an initial exit in the event of a downturn at $14.65.
DISCLOSURE: At the time of publication, I have no position in WWE.
Sincerely,
Bill Kraft
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