Monday Evening ... Happy Holidays

Whatever your beliefs or lack thereof this is a time of year when the vast majority of the human race finds something to celebrate.  Hopefully we will see a healing of rifts between groups with disparate views and a concerted effort to make our world a better place for this and the coming generations.

Monday Morning - All Aboard

Gator's Chart of the Day: GBX

Carl Icahn liked it but the board of directors didn't like him (or his offer) and Icahn unloaded his stock on Friday.  The stock was flat after making a low (16.09) in the 5 minute candle that completed at 10:25.  The tallest 3 bars on the5 minute chart were printed at 10:15, 10:25 and 10:30.  The stock traded sideways for the rest of the day.  With a forward P/E under 7 and good demand for railcars I think this is an opportunity. Considering the short interest (12%+ with 5 days to cover) I'll be watching this closely.

5 Minute Chart

This is definitely a candidate for a 59 minute trade.  I will be watching for a green candle on the 3 or 5 minute chart and that will mark the entry and a stop goes just underneath the low of the day.  I'll add quickly on continued strength on good volume.

Warning: This trade may fall apart very quickly and there is no nearby support to slow the stock's price decline.