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.
Chart:
