Buying near support of this small triangle after a very strong rally in July and August. Provides a decent reward:risk with a target just below the late-2016 and early 2017 highs.
This has the potential to be a high momentum stock. Price target is a fine option, but if the price is running may want to consider using the ATR Stops as a trailing stop loss instead: when the price drops below the line, place a stop loss several cents below the low of that day.
As an added benefit, the company is strong earnings right now making for an attractive P/E.
This has the potential to be a high momentum stock. Price target is a fine option, but if the price is running may want to consider using the ATR Stops as a trailing stop loss instead: when the price drops below the line, place a stop loss several cents below the low of that day.
As an added benefit, the company is strong earnings right now making for an attractive P/E.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
