I'll add to my FTEK position, if and when it hits $16, the IBD cup and handle pivot point. Just to emphasize i'm trading this on longer term IBD philosophy rather than strict hershey trading.
Nice entry! A bit more agressive than I am, I think. I was watching that thing all morning, ever since it shot up $1 in the first 15 minutes on relatively heavy volume. I held off taking any positions until it shook out a bit and am long at 33.95. Also took a small position in COGO at 15.25 (currently the high price of the day )
yeah, i use the unusual vol on quotetracker, it's a bit more aggressive than that on Qcharts as it uses a 60 day ave vol as apposed to 65 day, thus the ave vol is at times a bit lower. would still like to see vol build a bit, but the daily chart looks good, a break out of the IT right line.
you couldn't have been too far behind me, about 5 minutes later i added shares @ 33.91 for an adjusted basis of $33.745
I'm using the LBDU from the chartscript, but I am using IB's volume data which tends to run a bit higher than QChart. It's automated though, so I'm happy with the trade-off. I could have gotten in earlier if I took the trade off the 25% Average DU value, but I passed. I'll consider taking small long positions next time, and maybe adding shares if it resignals from LBDU. Luck.
cool! looking good, i'm considering adding again on this little pull back from the high price of the day.