Of all the stocks I scanned through, this is my favorite setup, short or long.
I'm looking for HOLX to fall to old resistance (see weekly chart) at the trendline. This is also the 20ma on the monthly.
Unfortunately, I may miss actually trading this, as I will be engaged in non-trading endeavors, so won't have the time to devote to trading Monday or Tuesday.
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Sold the Nov19 70c for $1.90
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Stock is being stubborn. Hopefully don't have to wait too much longer.
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Sold another here as price is near 73 now. If it doesn't pull back from this level, I will have to sell. Avg entry is now $2.55
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Covered one at breakeven ($2.55). Worked out well. Now I have a higher potential profit, if it can keep weakening.