AcornWealthCorp

INOV - Fallen angel formation Long from $11.07 to $13 & higher

Long
NASDAQ:INOV   None
INOV had big decline & now seems getting some strength. It crossed above EMA lines & EMA lines had a positive crossover. Moreover it had big insider buying recently. Overall looks descent long.

Trade Criteria
Entry Target Criteria- Break of $11.07,
Exit Target Criteria- $13 & higher
Stop Loss Criteria- $$9.83
Option - $10 Apr-17 Calls , $10 Jul-17 Calls

You can check detailed analysis on INOV in the trading room/ Executive summary link here-
www.youtube.com/watch?v=l4PrF1Px...
Time Span- 1:50"
Trade Status: Pending
(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
Comment:
January 31st- Continuing its upward move with another 2.2% gain today. $10 Apr-17 Calls traded as high as $2.30, 15% higher from entry, and $10 Jul-17 Calls traded as high as $2.80

January 24th- Slow but steady upmove continued, $10 Jul-17 Calls traded as high as $2.45
January 23rd- Going up holding above EMA lines, looking good as Long.
January 19th- Slowly but surely climbing. Market Still Bullish Trumps speech on Friday (options expiration)
January 18th- continues to hold its MA resistance well and we would consider raising our stop loss criteria to $10.63

January 13th- Went up nice 2.75% & showing upward momentum, looking very good as long.
January 12th- Went up & hit entry price in the, now wait & see.
Comment:
February 3rd- Went up 3.08% upward move, and made a higher high. Looking very good as long.
February 7th- MA50 acted as strong resistance, it's rejected from MA 50 & seems rolling over. Wait & see situation.
February 8th- Strong 5.78% gain today, made a higher high & close at the top of the range. Looking very good as long. $10 Apr-17 Calls traded as high as $2.40, 20% higher from entry, and $10 Jul-17 Calls traded as high as $2.75
February 9th- Another 2.52% gain today. Looking very good as long. Updating stoploss to $11.43

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