Tuesday, March 24, 2009

International Paper Signals Pyramid Trade

Just one day after the last pyramid trade, International Paper (IP) signaled another Pyramid Trade by closing above the pyramid price of $8.85. Entry at $9.20 with a new stop limit at $7.70 and next pyramid price of $9.95. July $7.50 Calls at 2.75 by 2.85

Trade at your own risk with proper position sizing and risk management measures.

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