URI Trade on Aug 23, 2012 09:37 from ckz8780: Tradervue User Stock Trades.

Swing trade for a bounce off the 50dma. I jumped the gun a little on the entry so my price was not the greatest but with a stop under $31.00 ($1.60 risk) a target of $35.80 (just above the 200dma as of 8/24/12) is still a solid 2:1 reward to risk ratio. The ideal buy here would have been closer to the 20dma rather than the 50 but overall not a bad trade. We'll see how it works out. It formed a nice hammer on 8/24/12 and should start to bounce this coming week.

Update 8/28/12: Sold for the loss. Stock did not bounce the way I expected and is a larger loss than preferred because I did not time my entry correctly. Correct entry for a bounce would have been late in the day after confirmation on 8/23/12 but even then it likely would have stopped out eventually since it is not bouncing as expected. Lost $94.50.