SWI – Swing Trade Setup

In a lot of ways this next swing trade setup on SWI is like today's winning trade in QCOR.

Gap support on a recent momentum winner – buying a pullback when the RSI falls near the 40 level. That level provides support when a stock is in an uptrend.

I like this stock on any pullback near the $28.25 level but I may chase if it moves higher tomorrow. I'll have to wait and see how it responds today after my buy signal on this stock was triggered. I fully expect this to be back near old highs, and if it does that before Feb 9th (earnings are due then) I would take the profits and run.