Trading Strategy: Buy Setup with Bottoming Tails (BT) at 40/60 Retracement (+40/60) and Rising 20 period moving average (r20ma). SWKS has had a bullish run since the low set last December. Last week, it made a new high and pulled in, giving us a PBS. Also note the three BT, showing buyers (demand) underneath. This is also occurring at the +40/60 and r20ma, suggesting another leg up.

chart courtesy of Mastertrader.com

Tip: A BS and BT from a new monthly high at +40/60 and the r20ma are usually buyable.

The Play: Buy above previous day's high ($10.84), with a protective stop under previous day's low ($10.39).

Objective: A move of $1.00 to $1.50 . MEDIUM RISK

Play Review:

SWKS did not triggered.

Bullish Wide Range         Bullish 1-2-3 Continuation