This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

Here’s a couple trades I have taken from my NR7 scan lately. Red diamond denotes NR7, Orange line is entry, Red is stop, Green is target, exit noted with arrow:

MCGC: Swing Trade 4/30/07 to 5/1/07

Trade Summary:

MCGC Short 100 Shares
Entry: $17.97, Stop: $18.17, Target: $17.00
R: $20.50, Exit: $17.60
P/L: 1.78R, or $36.50

Trade Grade:

CAH: Swing Trade 5/1/07 to 5/1/07

Trade Summary:

CAH Short 22 Shares
Entry: $70.02, Stop: $70.68, Target: $68.00
R: $14.52, Exit: $70.07
P/L: -0.08R, or ($1.10)

Trade Grade:

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com