BryanWilson
Long

Long entry in $MDVN

NASDAQ:MDVN   MEDIVATION INC
16 0 3
Looking at a breakout from a couple month basing pattern. All moving averages pointing up and price is above all moving averages as well. Entry Point now, Stop below $56.00. Conservative stop below $48.00.

Could wait for entry above $70.00 to confirm 2015 resistance is broken.
Order cancelled: This is a false trigger in my system. It was purchased recently and price is breaking out, but not a good entry for normal risk:reward trend trade with price being locked in this range most likely.
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