This might be the first time that I’ve gotten into both of the trades the same day of the Lazy Trade release. Both Alexion Pharmaceuticals (ALXN) and Sanderson Farms (SAFM) are excellent trade setups. The former though spiked hard as the Fed minutes came out so I would go chasing it because the markets tend to fade any initial move. Ideal setup for ALXN is anywhere under $104 – after that, you are on the verge of chasing the stock.
Both of these trades shoudl be considered swing-trades.
Here’s today’s Lazy Trades:
