Thursday, July 19, 2007

NetGear (NTGR) Update

NetGear (NTGR) is starting to look a little 'toppy' to me. In other words it has the markings of losing steam. The best traders always will sell into strength and not risk losing the gains.

I'm selling NTGR here and taking the gains. There might be more left in NTGR but the chart is telling me to take profits here.

Swing traders capture the quick gains and move on. NTGR has given me the quick gain and I will free up a trading slot with this sale.

NTGR was a good trade. Now time to put those profits to work into the next swing trade.

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