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RRC Trade - Nov 29-30, 2011

Posted by trendtrader1 
RRC Trade - Nov 29-30, 2011
November 30, 2011 02:42PM
RRC has a great 4-week seasonal trend going right now (http://www.researchtrade.com/?p=FourWeekTrendRRC).

Last week, RRC kept falling, before making a turn up on Nov 28. Using the daily chart, the technicals looked great, so I decided to buy calls before the close on Nov 29. I figured i would be in the trade at least a week...but this morning (Nov 30), the market and RRC rallied big. RRC was up $5 and hit my GTC order for a nice profit.
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