Uptrend is still good but not long, meaning it just broke out, so it COULD fail..
I would put a stop in at the 50 day average because it just broke the 20 day.
I wouldnt let it break 12 without selling..thats ABOUT the 50 day.
That sounds like plenty of risk and if you dont want to give up 2 more pts then you have to make the call..when a stock has moved up like this in less than a month, it MIGHT give some back, so you either have to decide to pull some off the table and risk a larger gain, or give it some room, thus the 50 day average which is 12 or so...
TTM looks like a range trader..no trend that I can see...
Uptrend is still good but not long, meaning it just broke out, so it COULD fail..
I would put a stop in at the 50 day average because it just broke the 20 day.
I wouldnt let it break 12 without selling..thats ABOUT the 50 day.
That sounds like plenty of risk and if you dont want to give up 2 more pts then you have to make the call..when a stock has moved up like this in less than a month, it MIGHT give some back, so you either have to decide to pull some off the table and risk a larger gain, or give it some room, thus the 50 day average which is 12 or so...
TTM looks like a range trader..no trend that I can see...
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