Bookeeping: Short Jacobs Engineering Group (JEC)

Submitted By Trader Mark
Very nice short set up forming in Jacobs Engineering Group (JEC). As I wrote yesterday as I closed out the long side of this position

JEC now has major resistance at $42 - if it breaks over that level I'll get back long. But for now I'm more apt to short it once it gets there. I am selling in the mid $39s but the stock should have clear sailing to $42 if the market lifts.

I was a little impatient yesterday and should of held 24 hours more to get rid of my long stake but the up and down action in the name was getting tiring. So we're here as the stock hit $41.50 intraday; I missed the top but I am going to put the short on here in the $41.10s area. The chart below looks different the charting I use which shows both the 20 day and 50 day exponential moving averages touching at $42. So we have two layers of resistance; further if the 20 day crosses below the 50 day that is even more bullish. I can also make a bull case from the chart (the stock appears to have made a quick double bottom in the $37s) so we'll see how it works out. If we are wrong, we can be out at $42.50 and take a modest loss of 3%. If we are correct we'll shoot for $38 which the stock seems to hit a lot. We did this exact same trade a few weeks ago; I'll allocate 3.3% to this trade.

Short Jacobs Engineering Group in fund; no personal position

Did you like this article?

Login or register to post comments
Email this page
Reset vote
1 point

Ball Gown Sweetheart

Submitted by han on Fri, 03/05/2010 - 7:20am.

Ball Gown Sweetheart Embroidery Satin Lace Wedding Dress Supp_6654 Ball Gown Sweetheart Taffeta Tulle Wedding Dress Supp_6088 Ball Gown Organdie Lace Wedding Dress E45 Pleated Wedding Gloves Gloves 0004 for Sale Column Satin Organdie Lace Wedding Dress D11 A-line(Princess) Taffeta Wedding Dress HFA4208 Ball Gown Strapless BrushTrain Organza Wedding Dress bg0051 Ball Gown Satin Tulle Wedding Dress EB3 A-line V-neck Chiffon Bridesmaid Dress BNT45 for Sale Ball Gown Taffeta Wedding Dress Supp_6533 Ball Gown Pleated Taffeta Wedding Dress Supp_6600 Ball Gown Sweetheart Taffeta Wedding Dress Supp_6530 for Sale A-line(Princess) Satin Wedding Dress EW20

Porsche Design watches at

Submitted by ugg mbt on Tue, 02/23/2010 - 1:40pm.

Porsche Design watches at Watch Click,wholesale Burberry Handbags,wholesale rolex watches,Order for Porsche Design Dashboard,wholesale Nike Shox Shoes,mbt shoes,wholesale Dolce Gabbana Handbags,wholesale Louis Vuitton Handbags,Porsche Design Flat Six Automatic Chronograph watches at discounted price,wholesale ed hardy,wholesale rolex watches,Cheap price, High Quality,porsche design watches,wholesale jordan shoes,nike air max 2009,Provide the best after-sales service!

This article is very good.

Submitted by cheapmbt on Sat, 02/20/2010 - 4:45am.

This article is very good. And I like you very much!
The author was too kind.
Thank author sharing.At this is once!
Nike shox cheap nike shox shoes cheap nike shox
Authentic Products nike shox shoes provides all kinds ofnike shox r4 and shox nike mens nike Shox R4.
nike shox NZ in high quality but lowest prices possible from USA.
kids nike shox and
nike shox monster run
nike shox turbo

nike shox r4 and nike shox r5
We frequently update the styles of kids nike shox flame so please check back to choose your favourite shoes.

Life lies in sports.The mbt shoes wants to offer you great comfort while you doing sports.cheap mbt shoes is on sale now.The mbt lami shoes,mbt m.walk shoes,mbt chapa shoes,mbt sport shoes, mbt anti and cheap the anti-shoe is a good mbt shoes for you.You can enjor yourself here,uk retail mbt, retail mbt shoes
mbt m.walk shoes green,mbt lami shoes black and chapa mbt shoes brich waiting for you.

chenli