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Deron Wagner is the founder and portfolio manager of Morpheus Trading Group. His daily focus is managing and trading the Morpheus Capital Hedge Fund, which he founded in April of 2004. He also teaches his swing trading strategy with The Wagner Daily newsletter, which provides exact entry, exit,... More
My company:
Morpheus Trading Group
My blog:
Morpheus Trading Group - swing trading blog
My book:
Advanced Technical Analysis of ETFs
  • How To Buy Top Breakout Stocks On A Pullback 0 comments
    Sep 11, 2013 10:07 AM | about stocks: YELP

    On August 21, 2013, we bought Yelp, Inc. ($YELP) in The Wagner Daily newsletter, as it pulled back to near-term support after a massive breakout.

    Since then, shares of $YELP have zoomed to an unrealized share price gain of 24.8% (from our entry point through the close of September 10), and we continue to hold the stock in anticipation of further gains.

    In the educational 5-minute swing trading strategy video below, we walk you step-by-step through the objective technical analysis that prompted us to buy $YELP, currently one of the strongest stocks in the NASDAQ.

    Specifically, you will learn a low-risk way to buy a stock that forms a bullish reversal pattern after pulling back to near-term support of its 20-day exponential moving average.

    View the video: How To Buy Top Breakout Stocks On A Pullback

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    DISCLAIMER: There is a risk for substantial losses trading securities and commodities. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities. Morpheus Trading, LLC (hereinafter "The Company") is not a licensed broker, broker-dealer, market maker, investment banker, investment advisor, analyst or underwriter. This discussion contains forward-looking statements that involve risks and uncertainties. A stock's actual results could differ materially from descriptions given. The companies discussed in this report have not approved any statements made by The Company. Please consult a broker or financial planner before purchasing or selling any securities discussed in The Wagner Daily (hereinafter "The Newsletter"). The Company has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials in The Newsletter. The Company and/or its affiliates, officers, directors and employees may or may not buy, sell or have positions in the securities discussed in The Newsletter and may profit in the event the shares of the companies discussed in The Newsletter rise or fall in value. Past performance never guarantees future results.

    © 2002-2013 Morpheus Trading, LLC
    Reproduction without permission is strictly prohibited.

    Stocks: YELP
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