BigWaveTrading

Adding to my Long Position in MGPI on Monday

Long
NASDAQ:MGPI   MGP Ingredients, Inc
MGPI is printing a bullish candlestick over candlestick price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position in MGPI on Monday using a limit (GTC-BUY-LMT) order @ 75.06. I will have two trailing sell stops (GTC-SELL-STP) @ 71.74 and 68.99 to protect my initial invested capital in case MGPI does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from January 2017- November 2017.

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