Adding to my Long Position in MGPI on Monday

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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.