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Wednesday, 09/18/2013 1:19:05 PM

Wednesday, September 18, 2013 1:19:05 PM

Post# of 90877
An Easy Way To Buy Pullbacks For $$$

On August 13, we bought shares of LifeLock ($LOCK) with a $12.37 entry price. Since then, $LOCK has climbed to an unrealized price gain of approximately 15% since our buy entry (over a 4-week holding period).

In today's stock trading strategy video, we show you the exact technical signals that alerted us to buy $LOCK on a pullback, just a few days after the stock broke out from a bullish cup and handle chart pattern.

As you will learn in the video, the key point in buying the pullback of a stock that has already broken out is to look for a retracement to the 10-day moving average, then buy the first move above that that day's high.

Sometimes, especially when the broad market is taking a rest, a stock will pull back further than the 10-day moving average (to the 20-day moving average), but the swing trade setup is still valid if the stock quickly snaps back.

Click the link below to view the 3-minute video on our blog:

Video - How We Bought A Pullback In LifeLock ($LOCK) For A 15% Gain…So Far

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