There was an entry to go LONG on PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST’s stock. The Entry was at $27.46 and the Stop for the trade was $27.26. A risk of $0.20 per share. The price was being trailed based on our proprietary Ichimoku method and the trade got stopped out on a small pull back as we were preserving the profits. The exit was at $27.72 and a profit of $0.26 per share was achieved. with a Risk to Reward ratio of 1 : 1.3.
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