PharaohsMine

ELMD Thoughts

Long
BATS:ELMD   Electromed, Inc.
0
Entered at $1.85 today 1/23/14 for 1/2 of a position. The massive volume on the day after the gap up was the most this stock has ever seen since it's debut. I am thinking it will hold the top of gap support at $1.67, but will add another 1/2 position on a test of the 50ma ($1.46 and rising). I would stop out on a break and close below $1.45 and My target is $2.81 depending on price and volume action of course.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.