$PENN on Watch List for Breakout
Updated
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.Trade active
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 MATrade closed: stop reached
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.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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