Fracking Supplier Falls Hard $EMES
Yesterday many leaders were moving positively except a recent strong Fracking Supplier Emerge Energy Services LP. What is interesting with this stock was it’s bounce off the 50 day moving average. I like seeing retracement trades like this. I combine with 50 day moving average as well as force index.
I look for leading stocks in leading sectors when the market is healthy. It is worth putting $EMES on your watch list and see how the pullback works out. Many leaders are extended and this might be a possibility.
This is only for education in order that you can become a better trader. Learn these setups as they happen over and over again. The setup is only part of the picture. You need to develop a plan as to how many shares….and most importantly where you exit with a profit or a loss…