I went long on CLMT this afternoon at $22.25 with a stop-loss at $21.27. So far so good – it has been an ideal breakout, already up over 1% on strong volume. Somewhere around $24 would be an ideal place for taking profits. But you know me, I tend to take my profits quick, so there is a good possibility that I take my position off the table before then. I have about four other orders in ALKS, EEP, KMP, and RFMD that have yet to hit.  

Here’s the chart on CLMT. 

 

 

 

You Might Like

  • The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag