OXY rising with SPNOverview:
SPN pulls ahead of other SP500 categories for YTD returns
OXY performing quick second test of resistance
Current Trend:
OXY was bearish
RSI is rising
Trade Plan:
Enter OXY at end of day (5/5) if above resistance line
If fails to break resistance put back on watchlist
Target Profit:
Sell 100% of position at $30.00
Stop Loss:
Initial $25.77
Trailing to low of previous day
Risk Reward Ratio:
2:1
My trading plan dictates that this is my minimum ratio
Disclaimer
Not investment advice. Thinking out loud in a crowded room.