• rxstocktrading

Post Trade Analysis

EW: We bought this stock as it broke out of a cup and handle formation. It performed very well as it never broke the 10 day EMA. We initially took 1/4 off at $105.44 for a 8.3% gain as it broke out to new highs. I decided to sell the rest this Thursday when the market appeared to be rolling over for a 9.07% gain. Looking back this could have been held for longer. However, if the fear was a COVID resurgence then medical device companies could have been sold off really hard. This is a slow mover and we booked a 8.8% gain total in this name.

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