Weekly Ichimoku Stock Trade of the Week 2-22-13 : HCN Health care Reit

On Feb 15, 2013, we received an Ichimoku 5 Time frame email alert buy on a stock HCN, Health care Reit. The email alert is shown below:

Since this stock has been consolidating for awhile and we missed the cloud breakout pull back, we are going to setup for a breakout trade.  The entry would be 63.52, initial risk of 62.33, and a preserve mode value of 64.71.   The max risk is 1.19 and a min. reward of 1.19 so this give us a 1:1 min. reward/risk ratio.   Here is the chart:

 

Our current stop if very close to our entry so our risk now is minimal.

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