Thursday, June 25, 2015

Short LCI Setup on SKYW

Technical Analysis on SKYW (Sky West Airlines)

Why are we shorting SKYW?

1. We can see that we are within our overbought condition within the average pivot cycle movement.
2. We are at a Major Resistance level with: Supporting Fibonacci Retracement, Consolidation of price movement, and have started to create lower lows.
3. Volume is exhausted indicating that there is no more demand to drive prices higher. Volatility is also low supporting price consolidation.

See Trade Management Details Below.

Entry Management

We will be looking to enter "Short" if prices break 15.75 within the next 3 trading days. We are expecting a move to hit our initial profit target and move to a sideways price movement.

Initial Stop Level

Short Entry Stop: 16.62

Profit Target Level

Initial Target:          14.54
Primary Target:      13.24
Extended Target:     11.50

If you have additional questions then please feel free to email


Logan Connors
LC Investment Analytics

These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.

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