IvanLabrie
Long

ABMD: Testing earnings support

NASDAQ:ABMD   ABIOMED INC
ABMD             offers a potential long opportunity here. Look to go long ABMD             close to the key earnings support at 115.98, risk is a drop to 113.68, so size your trade (and use stops) accordingly.
If this support level doesn't hold, we could witness a larger correction, which would constitute an excellent discount to acquire this company's shares for the long term.

Good luck,

Ivan Labrie.
Comment: Looks good for now.
Comment: I took a couple short term longs here, looks good.
Comment: This one's a hold, but in the short term, if it doesn't hit 128.59 in 2 days or less, it might pull back to support again.
Trade closed manually
We might get a chance to reenter at support after earnings, watching it.
Reply
I took profits at 124, thanks for the idea!
+1 Reply
IvanLabrie PRO selfhigh05
Good, that's fine, you can always monitor it to reenter lower than your exit, sort of 'resuming' the position for a discount.
Reply
Great !
+1 Reply
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