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US Markets - The Long & Short Of It - Pair trade idea - Long CMG Short SBUX
Cerundolo Investment Research
US Markets Update
Volume 2, Issue 26
November 23, 2018
Items of Interest:
The driver for the idea is CMG that turned up at the Ellipse turning point indicator and showing improvement in its money flow. For those that run long only, we would be a buyer of CMG, and for those running long/short, we like the pair trade of long CMG and short SBUX.
Chart of pair trade:
