Strong stock is breaking out today on stronger than average volume early in the session.
This is the second trade of this type in the last several months, with the last trade running about 40% after the breakout. Once again I am eyeing a target of about 35%, providing a reward:risk of almost 5:1.
Disclosure: long
This is the second trade of this type in the last several months, with the last trade running about 40% after the breakout. Once again I am eyeing a target of about 35%, providing a reward:risk of almost 5:1.
Disclosure: long
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/