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MichaelGLamothe
Apr 28, 2015 2:24 PM

Perfect example of why the 10ema is good to lock in gains 

Description

EIGI broke out of a 1st stage flat base on 4/9 and at the time was profiled in ChartYourTrade's Top 10 list as the #1 setup. On 4/27 it closed below the 10ema for the first time since breaking out. Using this as a signal to exit would have locked in about a 10% gain.

*The 4/23 low of day at 22.09 also could have been used as a defensive stop.
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