Ichimoku Stock Trade of the Week 3-1-13 : WCRX Warner Chilcott Nasdaq

On Feb 25, 2013, we received an Ichimoku 6 Time frame email alert sell for the stock WCRX, Warner Chilcott plc CL A.    Here is the email alert:

 

The entry was 13.95, initial stop of 14.23, and a preserve mode value of 13.18.    This would give us a max risk of 0.28 and a min. reward of  0.77.   The reward/risk is 2.75:1 i.e. 275% return.  Here is the chart:

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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About the Author Manesh Patel