There was a signal to go SHORT on RUSSEL METALS INC.’s stock. The Entry was at $24.83 and the Initial Stop for the trade was $25.19. A risk of $0.36 per share. As the price started to move down in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. The stop got hit at $23.54 on a retracement of the price after a substantial profit had been locked in. There was a profit of $1.29 per share. The Risk to Reward ratio was 1 : 3.59.
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