![\"\"](\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120403PII.gif\" "\\"\\"")
<\/p>\nThis\u00a0is a review of our recent swing trade in Polaris Industries (PII). The chart below shows the technical buy setup prior to our entry:<\/p>\n
<\/p>\n
On March 23, subscribers of The Wagner Daily<\/em> were alerted to a breakout entry in PII. The strong closing price (near high of the day) and big volume confirmed the breakout:<\/p>\n After a few days of consolidation on lighter volume, PII broke above the prior swing high on April 3 (today). We took profits by selling into strength on April 4, locking in a 10% gain on the trade while risking only 4%<\/strong>. This equates to a 2.5 to 1 reward-to-risk ratio on the trade (10% \/ 4%), which is a very solid ratio for a two-week holding period:<\/p>\n This\u00a0is a review of our recent swing trade in Polaris Industries (PII). The chart below shows the technical buy setup prior to our entry: On March 23, subscribers of The Wagner Daily were alerted to a breakout entry in PII. The strong closing price (near high of the day) and big volume confirmed the breakout: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-908","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=908"}],"version-history":[{"count":0,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/908\/revisions"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120403PII2.gif\" "\\"\\"")
<\/p>\n![\"\"](\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120403PII3.gif\" "\\"\\"")
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