A nice trade setup in GIS.
Quite a nice trade setup really, with a readily definable risk/reward to it. Obviously, this isn't a trade that is going to sky rocket overnight for you, but it has held steady of late, and with a market that is seeing some head winds as well, that is really what you want here.
Use a stop-loss of less than $60 for the trade as a break below that price level would in essence establish a lower-low on the stock and there is no reason to be long when that happens. Further more, you have the potential to see this stock hit around $65 if not more. If that happens, you are getting about a 2-to-1 Reward-to-Risk return on the trade.
Here's the trade setup:
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