On the IRIX daily it appears to be the start of a potential head and shoulders structure. If this occurs, we could see a rebound for the next month with this stock (or up to $16.24, whichever comes first).
Trade locked in at $13.77 with a stop at $12.76 as shown in the chart.
Correction: Trade was locked in at $13.40. Current stop at $12.80, we will be using a trailing stop as this trend continues.
Trade closed: stop reached:
Trailing stop hit today at $13.80. Very small profit here; this stock just wasn't moving as fast as I would have hoped.