CosmicDust

JETS daily - a swing trade candidate

CosmicDust Updated   
AMEX:JETS   U.S. Global Jets ETF
Looks like it is about to break out and go above 50 DMA. The plan is to buy the breakout, and target $5 to $10 gain a share in about 2 weeks. Set a stop around $14.50 and be comfortable with about $2 loss a share if the trade did not go as expected. Overall feeling is the trade is favorable once breaking out, as MACD is above 0 and RSI is above 50.
Comment:
Performed well but moved a bit slower than I had expected. Not sure how high it can go but no longer care as I sold in Feb as it reached my price target.
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