Gap and go today. Since this ended up retesting (due to opening right near a resistance level), I want the stock to break through today's high before getting in. I would prefer a close above my buy price and then a retest of the support level. There has been lots of volume on this one too.
If the stock does not break through within a day or two, I will re-evaluate an entry and stop. I wouldn't mind if IGT trades sideways for about a week to let the short term EMA's catch up.
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This stop was taken out. will re-evaluate once the EMA's catch up.
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Or if there is a close above my entry before that.
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Great gap and go today. As promised, here is an updated setup. Same entry with a new stop due to the high volume and very bullish gap.