FMER is headed lower

FirstMerit Corporation operates as a bank holding company for FirstMerit Bank, N.A. that provides various banking services to its customers. We run a Proprietary Scan of all stocks that break the Ichimoku Cloud to the upside and downside on the daily chart every single day. Yesterday, out of 30 stocks this was the best Signal we saw. So, the trade is simple and easy and I try to take the emotion out of trading.

The Trade: Sell FMER at $20.33

STOP LOSS: $22.33
Target #1: $19.83
Target #2: $19.33
Target #3: $18.83
Target #4: $18.33

Andrew Keene
http://keeneonthemarket.com

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