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| SPR Daily Chart |
SPR - It's been livin' outside the BBs but that looks like it's going to stop. Although the Tuesday candle is red it is basically an "inside day" on slightly lower volume. (That's good.) The lower BB has a hook and that ain't good if you're long. If you still have most of your position in this trade (if you have all of it you are greedy) I recommend selling it down to a 1/4 of the full size and hope for a pullback to around 31.80 and buy the bounce if it does. There has been little trading there (note the volume at price on the left side) so if it does not find support you may need to stop out of your remaining position and look for an entry on a bounce around 29. I do like the company's prospects considering the huge order book that Boeing has. JMO