My cost basis is 65.29 and I set my sell-stop on the long position at 70.50 (white trend line). The short set-up is good only for the next few trading sessions on this test of top. If KMB drops below the red trend line then I'll enter a short with a target at the green line or Oct 23rd, whichever comes first. There's a chance that KMB takes off to the upside in which case I'll ride it. If it pulls back it may just trade in a range between the white and red lines in which case I won't have a position. This strategy takes patience but feels great when it works...ie, a fun vanity trade.
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Even apart from trading, KMB is a great stock to hold for the long term as well.
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