Lats Wednesday morning I mentioned a new scan that I had been trying out. On whole, not a bad group:
Now of course I also called out Skechers (SKX) as a dog. Just goes to show - buy based on your system, and let your money management take care of the rest.
Now one that appears a bit lackluster on the table above is LNET. LodgeNet, however, seems to be a little pressure cooker waiting for something to happen. I really like the nice W formation, and the consolidation over the past four weeks has been accompanied by a a net influx of cash and increasing institutional interest.
What's up? Nothing obvious in the news or anywhere else, but I smell some excitement brewing. In at 18, and a 2ATR stop comes in at 17.36.
Happy Trading!
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