The stock price broke above its previous high in early trading, and the overall market was bullish today, so I followed the trend and bought in.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- The stock price broke through a key resistance level with increasing trading volume.
- The stock price was at an all-time high and closed near the high of the day.
Negatives
- MACD still at negative zone.
Trade Plan
- Stop loss: Intraday low
- Target: $150.65
