PPR - Managing Risk on a GLD Break Out Buy
| Published: | 12 Jul 2011 19:07 ET |
With respect to stops on the GLD break out today through the 151.86 peak of 6/22, the peak in the base as we see it, one could use the 150-152 area as a downside selling guide, or if one is willing to take on more risk then a violation of the 50-day moving average down at 148.27 could be used as a selling guide. In this case it is a matter of personal preference and risk tolerance. Know thyself!
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