Stock Selection Information
No relevant news on the stock
Watch List Reason - 52h - it was above the high of the last 52 weeks.
Pre-Market Volume - N/A
Trading Plan - 60Range if holds above Res > 47.75
Management
Entry Setup used: Consolidation above resistance
Trading Comments
The stock was very strong. The entry were on the break of the consolidation that was happening with volume and with a lot of green prints (people willing to buy at the offer). At 48.15 the offer was held but I was in for a larger move. When buyers came back at the pull back I added to the position.
Evaluation
First I need to improve entering on the bottom of the consolidation. This is were the best risk / reward entry is and I should start building a position, add to the position on the break. I entered on the break, with 100 shares at 48.05 so when the offer was held at 48.15 I could not take profits.
Added to the position on the pull back at 48.08. Took profits when seller appears at 48.13 and close all of it at 48.07. It was a good trade.
Added to the position on the pull back at 48.08. Took profits when seller appears at 48.13 and close all of it at 48.07. It was a good trade.
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