PWR 60 Minute Opening Range Breakout - How To Day Trade It

PWR, Quanta Services Inc, gapped up slightly after a small range day the day before, only 0.68 of an ATR, very bullish. When PWR traded over the 60 minute opening range high of 27.01, the long trade was triggered. PWR had a very shallow pull back, another very bullish signal, providing a good entry point. PWR traded up to 28.25, a nice day trade. We missed this trade in the members area because we were involved with other profitable trades, but I wanted to highlight this trade by looking at the daily chart below. This 60 minute OR breakout worked better than most others because it was a wave 3 of 3, the best wave to trade. Notice how PWR completed two waves, then completed the first two waves of wave 3. The third wave of the third wave is frequently the biggest, and makes for a great day trade and swing trade.

Dailystockplays.com provides 5 to 10 real time day trading calls in the Day Trading Members Area, implementing multiple day trading strategies. In addition, each evening, members receive a swing trading plan for the next trading day in the Swing Trading Members Area. Become a Daily Stock Plays Member with a 7 Day Free Trial.

Previous Member Area Trades

10 Min OR - PTEN
10 Min OR - X
10 Min OR - GOOG
30 Min OR - NBIX
30 Min OR - ZIOP
30 Min OR - NES
60 Min OR - DNKN
60 Min OR - PWR
60 Min OR - LOCO
Lifetime High Short - PCG
Lifetime High Short - SCG
Lifetime High Short - EQR
NR7 Inside Day Long - ACHN
NR7 Inside Day Short - XOM
Shooting Star Short - PAAS
Shooting Star Short - HOT



Join   Contact   Home

Copyright dailystockplays.com All Rights Reserved
This website is for educational purposes only and is not investment advice