Smokin like a Vulcan

Earlier this week we highlighted Tobacco. If you were an on the ball you may already be in this trade. Altria (MO) formerly known as Phillip Morris just broke out of some sideways action. I have outlined another swing trade here.

MO

Using the break of resistance here for another flag we can outline our risk and reward. Implementing an ancient Japanese trading system of candlesticks we know that the half way point of “large” candles act as an area of support or resistance. So I have a fairly tight stop.

Anyone can trade the trend on these bullish trends by implementing an 8% trailing stop loss.