Ichimoku Stock Trade of the Week 3-22-13 : MAC, Macerich

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On March 15, 2013, we received a 7 Ichimoku Email Time Frame buy on the stock MAC, Macerich Company.   The email is shown below.


Due to the fact that the US Stock market has not had a major pull back, we are going to look at this stock for a long term trade.    The trade was setup on the daily timeframe with entry of 61.97, initial stop of 60.51, and a preserve mode value of 64.96.   This gives an initial max.  risk of $1.46 and a min. reward of 2.99.    This would be a 2:1 reward/risk.   With options, it would be over 3:1 reward/risk.    Here is the chart setup:


The trade has entered and up $1 in profit so far.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

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