ITM.Trading
Long

$THOR Strong up leg on large volume and strong ADX

39 1 0
Simple trade here that doesn't require much explanation;
1) Break of $46 held successfully for 3-4 days before todays launch
2) Leap upward today comes on the back of heavy volume
3) ADX has moved upward very rapidly. A cross above 20 in a steep fashion is used to indicate the potential beginning of a new trend
4) Earnings are not that far away so perhaps someone knows something...?
DYOR as always
ITM.Trading
2 years ago
This hit the news this morning;
"Thoratec (THOR 57.40 +8.64) strength attributed to takeover speculation with St. Jude Medical (STJ 76.58 +0.01) as rumored suitor. "
Which explains the strength and volume the prior day.
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