$PENN on Watch List for Breakout

2020年10月15日

PENN looks to have a nice wedging pattern here. I have an alert set for $70.01. I'm looking for a good market and increased volume on any breakout to go long. Ideas, not investing / trading advice.

2020年10月16日

交易开始

Opened a 1/2 position @ $70.80. Volume is tracking up 45% on the day and it is a solid up day for the market. So, this has meet all my entry criteria. Stop; close below the 50 day MA

2020年10月22日

交易结束：到达止损

Closed this with an 11% loss. I usually hold for a "close" below the 50 but this has been weak from the start. I still like the name but, can't argue with the price action.