ShadowTrader Free Trade Idea of the Week – MCRN – Long…

Milacron Holdings (MCRN) – Long
Entry – 17.00-17.15
Stop – 16.40
Target – 19.25

This trade idea isn’t the most exciting one of the board from a price action stand point, but it has a good probability of bringing in some cash.

MCRN has been trading in a range between 17.00 and 19.25 for the past four months. Last week the stock moved back toward the bottom of the range. A limit order placed between 17.15-17.00 will trigger a long entry in MCRN for a move back up in anticipation of the current price pattern continuing.

With a stop placed 0.60 below the entry, this opportunity in MCRN provides a better than 3 to 1 reward to risk ratio.

For an average of 2-5 trade ideas like this every day along with daily market analysis and trading guidance, follow the ShadowTraderPro Swing Trader. This service is now available for FREE.  All you have to do is click on “Tools” tab on your TOS platform or go to www.MyTrade.com and “follow” ShadowTraderPro Swing Trader.