Entry @ $48.33 / 1000
*** update 11:49pm***
This is a GROWTH stock with a very strong revenue growth in the last few quarters. It had just based and is ready to move. The stock broke above the multi-week congestion on a above average volume which indicates strong demand from institutional buyers. The stock is now building the right side of the base but if the price breaks above the current price, this stock could run faster than the market itself.
I bought 1000 shares for the BABYSTEP fund when the price moved aboved the NRB (narrow range bar) at $48.33. The initial stop loss will below the NRB (01/12/2007 cstick) at $47. This trade then assumes a risk of $1.33 which translates to $1,330.