Friday, January 12, 2007

Day Trade: Long AMAG 30-min chart

Entry @ $62.55
Exit @ $63.81

  • The stock was active yesterday with strong upward momentum bias. Trend continuation play
  • Long entry at $62.55 on the break of the high of the Flat Channel Base
  • Initial stop at $61.75 which is the low of the Flat Channel Base
  • Sold 700 shares at $63.81 before the close
  • Trade closed with a gain of $882 ( +1.5R )

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