Trading strategy for QLT Inc. (up 3.71 percent, QLTI)

Summary Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendSee our recent article: How do I manage my trading risk?(Date Report Was Created: 26-Aug-2011)&nbspQLT Inc. (QLTI)HealthcareLast: 6.43 &nbsp(+0.23 pts, 3.71%)&nbsp&nbspOpen: 6.24 &nbspHigh: 6.43 &nbsplow: 6.19 &nbspBiotechnology Quick Summary The Stock is in Bearish Phase. The sellers have entered the market and pushing the price down. The Bearish Phase occurs when sellers have entered the market. The stock has recovered 20.2% from its recent low price of 5.35 which occurred on 8-Aug-2011. The current price is above the 20 day moving average of 6.21. The stock could possibly find resistance at the 50 day moving average of 6.7. The closest support can be found at 6.16. The closest resistance can be found at 6.78. See Support/Resistance below for details. How to trade QLT Inc.(QLTI)? Breakout Trade: We would look for this stock to either close above 6.78 to go long or close below 6.16 to go short. Retracement Trade: <a href="http://www.trading666.com/others-brand-cigarettes-f2-66.html"><strong>wholesale marlboro red cigarettes from china </strong></a> Consider sell/shorting when the price retraces around 6.78 if you are aggressive. Alternatively, a conservative sell would be around 7.16. Risk Management: Consider risking somewhere between 0.378(5.88%) and 0.63(9.8%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock. Sign up for free membership to view complete report. (Available only for short time) Look up analysis for ANOTHER stock Donate to askStockGuru.com website. 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Technicals Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friend Market Phase:? Bearish This indicator compares long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of QLT Inc. is in the Bearish Phase. This indicates that the stock is in a downtrend. The sellers are pushing QLTI down.&nbspShort Term Trend: &nbsp&nbsp &nbsp(-1) The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. QLT Inc.(QLTI) is currently congested with slight down trend.&nbsp3 Day Money Flow: &nbsp&nbsp &nbsp(+7) The money flowing for last 3 days in QLTI has been extremely bullish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator. Snapshot Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendPhase:?Bearish &nbspRelative Strength:&nbsp&nbsp &nbsp(+6) EPS Growth(yoy):&nbspUnavailable&nbsp &nbsp(-0) &nbspFundamental:&nbsp&nbsp &nbsp(-1) &nbspTo view complete report on QLT Inc.(QLTI)please sign up for free.If you have already registered, login now to view the complete report. askStockGuru TIPS Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendIf you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills. Risk Management should be critical part of your trading plan. A rational risk managment plan is crucial <a href="http://www.trading666.com/T-shirt-polo-men-t-shirt-f2-61-c3-89.html"><strong>wholesale fashion polo men t-shirt online from china </strong></a> because it save your portfolio under turbulant market conditions. Here is one approach to manage risk involved in trading stocks. Tip. Limit the amount of money that you risk on a stock or a trade. Don't put your eggs in one basket. Investing too much of your trading capital on one stock or trade increases your risk. Common sense dictates that it is not the right thing to do. Many people have rightly suggested that investors should diversify their portfolios. Diversification does not increase returns, but it reduces your risk. The question then comes up is, how much money should I risk on a trade or a stock ? The amount of money that you should risk on a stock depends on the capital you have to trade, your mental and personal makeup to tolerate risk, and your goals. Normally, it is suggested that a trader should not risk more then 2-5% of the available capital on one particular trade. This is a good rule of thumb; however, you should evaluate your personal circumstances and risk tolerance before taking on a trade.