49.19M float/5.60% short float/86.20% institutional
Positive guidance + sexy daily. Stock gapped to new ATHs above 103ish. Ideally I'd like to see a pullback to 102.50$ and rounding action after than.
Stop: 109.80$
R: 5.8
Second push attempt. 110$ was a level and it could not really trade below. When the stock came back from 109s and started to hold bids around 110$ I got in small for a HOD retest. I added into the break of 111$, but got out quickly as no buyers where showing up on the offers.
Size:
$Risk for this trade was 1$...and I got 5$ out of it. So I could have traded 50 shares for 58$ profit. However, it was mid day on Friday, spread was 20cts, so the risk of getting slipped was too high. 20 shares would have been appropriate.
Execution detail:
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first entry decent . 2nd one not so much