The stock broke out from its post-pullback consolidation, which triggered my entry. The only downside was that it didn’t manage to close at the day’s high.
Positives
- Price is above the 10, 20, 50, and 200 moving averages
- MACD getting strength
Negatives
- Did not close near today’s high
- MACD is in negative zone
Trade Plan
- Stop loss: Intraday low
- Target: $271.35
