Trade Log – 9/17/2014 – $AVNR

Ticker: $AVNR

Entry: $12.25

Position Size: 1500

Stop: $12.75

Target: Low $11’s

Thesis:

Up huge on news about a very small market drug. Price has been very strong the last few days, but finally looks like the double top and fade are in. Writing this a while after entry, so I’ve used the day’s HOD as a stop. Tired of taking such small gains lately so my goal is to hold this over a couple days and try and get a profit down to the mid to low $11’s.

Yahoo Finance Link

Chart:

$AVNR

Leave a Reply

Your email address will not be published. Required fields are marked *