IBD Composite rating: 98 IBD RS rating: 94 4th time I trade this stock in the last 3 months. Was able to make a profit in 2 previous reversals above the 50 day line. Took a loss once on a failed breakout. Long @ 425.03
@jidacodm, I actually closed my position the following day of my entry with a tiny profit when it failed to follow up to the upside. I didn't see the volume there. I expected this to be a very short term trade. DXCM has been consolidation for a bit too long almost three months without making a significant push to the upside. I might get back into this if I see a powerful push the upside on higher volume. Volume is pretty dried up now. Another factor for me closing the position is that the market is feeling a bit extended here, I didn't want to have too much exposure. I have better gains that I wanted to let run in other names.