Opened small starter position on break over pivot from Oct 21. Stop loss below Thursday's low. Will add more shares near close if breakout holds.
OPRX has shown good strength and volume patterns since its earnings gap up, breaking out over pivot from back in February. Major volume came in on news back on Sept 30 and has consolidated and held onto its gains since. The company is showing strong EPS growth and has excellent growth estimates over the next couple of years.
Earnings coming up soon, so the position will need to give me a cushion run-up prior, otherwise I can't justify holding through the earnings report.
OPRX has shown good strength and volume patterns since its earnings gap up, breaking out over pivot from back in February. Major volume came in on news back on Sept 30 and has consolidated and held onto its gains since. The company is showing strong EPS growth and has excellent growth estimates over the next couple of years.
Earnings coming up soon, so the position will need to give me a cushion run-up prior, otherwise I can't justify holding through the earnings report.
Trade closed: stop reached