Trade Reviews

Pacific Sunwear (PSUN) – Makin’ A Run For It

Looks like one of our picks from The Sunday Night Watchlist is making a run for it.

Awesome.

I love seeing stocks take off.

Even if I’m not in it because I’m staying out of the market.

A trend is a trend and there’s always lots to learn.

Here’s the current $PSUN chart:

Run baby run!

I like the increased volume off the bottom and I like the push above the 50 day MA.

The only thing not to like is how many breakouts fail in weak markets.

But, 2 days into the week and we’re up just over 17%.

Not bad.

Let’s see how the rest of the week plays out.

 

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