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WhisperfromWallStreet Adds ONNN and ORI to it's "Swing Trade Watchlist"

Each day after the close, we scan the market looking for trade setups that provided our readers with lower risk entry points on stocks that could be about to break out or break down over the short term.

 
PRLog - Aug. 29, 2012 - WhisperfromWallStreet  Adds On Semiconductor Corp. (Nasdaq: ONNN) and Old Republic International Corp. (NYSE: ORI) to it’s “Swing Trade Watchlist”.

On Semiconductor Corp. (Nasdaq: ONNN) could head lower after consolidating on the recent lows. Short ONNN if/when it trades below $6.10 with a stop loss above $6.65. Depending on your patience and risk tolerance our targets for ONNN are $5, $4, and $3.

On the long side, Old Republic International Corp. (NYSE: ORI) may be poised to head higher if it can cross over $9.00. Place a protective stop below $8.75 and look at $9.50, $10, and $11 as exit target areas.

Our readers understand the difference between investors and gamblers. Gamblers will read this and take a position right away, Investors will be patient making sure the entry prices are crossed tipping the odds in their favor. Don’t be a gambler.

Remember to always book your profits. Greed kills. Trailing stops can be a great way to protect profits as a stock moves in the direction of your trade.

Sign up for our free newsletter at www.WhisperfromWallStreet.com to recieve trade ideas directly to your inbox.

About WhisperfromWallStreet’s “Swing Trade Watchlist”
Each day after the close, we scan the market looking for trade setups that provided our readers with lower risk entry points on stocks that could be about to break out or break down over the short term. Each idea comes with specific entry criteria as well as stop loss and target areas making our ideas easy to understand and trade. Because our ideas are technical in nature they are neither a positive or negative commentary on the underlying company.

IMPORTANT NOTICE AND DISCLAIMER
WhisperfromWallStreet is not your financial advisor. Even though our research seems tailored specifically for you, it’s not. We don’t have the faintest idea who you are, what your risk tolerance is, or if these types of stocks belong in your portfolio. We are not investment advisors, brokers, dealer, and are not qualified to provide financial advice to anyone on this planet. Our ideas should only be used for entertainment purposes. Having said all that, we hope you stop by the site and see just how profitable entertaining ideas can be.

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Source:WhisperFromWallStreet.com
Location:New York - United States
Industry:Finance, Investment
Tags:Swing Trades, onnn, ORI, wall street, stock market
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