Entry: with price above 115.31
Volume: with volume greater than 2.56M
Target: 127.21 area
Stop: Depending on your risk tolerance; Based on an entry of 115.31, 111.36 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 2.56M
Target: 127.21 area
Stop: Depending on your risk tolerance; Based on an entry of 115.31, 111.36 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Trade active
Comment:
Coming down on increased volume, I didn't stop out today but I will stop out quickly tomorrow if the stock seems to be stalling.
Comment:
3 days before earnings - I will close the trade before earnings - but I'll give it a couple days to get me back to even or maybe even a little profit.
Trade closed manually:
I closed my position before earnings (actually yesterday) and am closing the idea based on reward to risk ratio going ugly.
